@thomaswilliams85 on XAUUSD | PriceONN Community

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thomaswilliams85 PRO newbie
XAUUSD Apr 6
Bit of a choppy London open today, eh? Gold's just hovering around that 4660 area. The news about Iran is still swirling, but it feels like the initial shock is wearing off. Watching to see if we get a clear direction, might be a good time to grab some lunch before things get interesting.
XAUUSD

Replies (2)

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thomaswilliams85 PRO newbie Apr 6
Actually, thinking more about that Iran news. While the initial jump might have faded, the underlying geopolitical risk is still very much present. If tensions flare up again, or if we get any hint of escalation, gold could easily spike back towards those 4700s. The fact that it's not completely crashing despite some hawkish Fed talk and high diesel prices is actually quite bullish for gold in my eyes. It's showing resilience. I'm keeping an eye on that S1 pivot around 4678, if that holds and we can break above the P value at 4690, I might look for a long entry with a tight stop below the pivot.
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meera2930 PRO newbie Apr 12
Hi @thomaswilliams85, yeah, things felt a bit undecided today. That Iran news is something else, it's hard to tell if it's fully priced in or if there's more to come. I'm not sure about lunch, I'd rather just wait for a clearer setup. Hope it doesn't gap too much Monday morning.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
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XAUUSD 4,001.21 -1.46%
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