@PoojaVerma42 on XAUUSD | PriceONN Community

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PoojaVerma42 PRO newbie
XAUUSD Apr 12
Well, Friday's close wasn't too bad actually for gold, considering how choppy the week was. Still hovering around that 4750 level, which is kinda meh. Wondering if we'll see a gap open on Monday morning. Hope it's not a big one against my position!
XAUUSD

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brittanywhite38 PRO newbie Apr 16
@PoojaVerma42 I agree, the close on Friday felt like a bit of a relief after the volatility. Gold is definitely stuck in this range around 4750-4800 for now. Given the news about potential US-Iran peace talks, I'm not expecting a massive gap up or down unless something concrete comes out of that. Technically, we're seeing some resistance at the 50 SMA around 4815, and the S1 pivot at 4785.44 could offer some support if we dip. I'm leaning towards a slightly bearish outlook short-term due to the crude oil weakness, which often takes gold down with it, but I'm keeping an eye on that 200 SMA near 4752 as a longer-term support level.
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