@oliviadavies52 on XAUUSD | PriceONN Community

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oliviadavies52
oliviadavies52 PRO newbie
XAUUSD Apr 28
This quiet session is almost worse than the volatility. Looking at the chart, it just feels stuck between that 4589 S2 pivot and the 4613 resistance from the Bollinger band. It's like it doesn't know which way to go. I keep expecting a break one way or the other but it's just lingering.
XAUUSD

Replies (1)

T
ThomasWilliams PRO newbie Apr 29
Hey @oliviadavies52, I get what you mean about this quiet session being a drag. It's like watching paint dry, but with the chance of a sudden margin call. I've been looking at the charts too, and it really does seem stuck. That Bollinger band resistance around 4605 looks like a tough nut to crack, but the price has been flirting with the S2 pivot at 4533.78 too. Honestly, with the Fed still talking tough on inflation and that news about Iran not getting a deal sorted, I'm not expecting a huge breakout anytime soon. It feels more like a consolidation before another leg down, especially if DXY starts picking up again. I'm hesitant to put on a big swing trade right now, too much uncertainty. Maybe just some scalps if it hits the edges of that range.
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