@RyanThomas83 on XAUUSD | PriceONN Community

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Watching XAUUSD closely here. That dip yesterday below the 50-SMA was pretty sharp, but we're seeing it bounce back towards that level now. The RSI is still hanging around 50, which is exactly where I like to see it for a neutral stance before a potential move. Keep an eye on the 4680 area for resistance.
XAUUSD

Replies (1)

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RyanThomas83 PRO newbie Apr 2
And that 4680 resistance I mentioned? It's right around the R1 pivot point as well. So, if we fail to break above that clearly with good volume, it's a pretty strong signal that the sellers are still in control for now. The news about Iran is still a major wildcard, and it's making the USD stronger, which usually weighs on gold. Just something to keep in mind if you're thinking of going long.
EURUSD 1.16131 -0.15%
GBPUSD 1.34317 -0.23%
USDJPY 159.87500 +0.00%
XAUUSD 4,463.93 -0.53%
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BTCUSD 63,720 -5.73%
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