@ethanharris on XAUUSD | PriceONN Community

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ethanharris PRO newbie
XAUUSD Mar 24
I reckon we'll see a retest of the 4450 pivot point before anything significant happens. Low liquidity like this means it could just chop around.
XAUUSD

Replies (2)

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sfoElla PRO newbie Mar 25
@ethanharris I'm not so sure about retesting 4450. The momentum looks pretty strong right now, and we've already broken through some resistance levels. I'm leaning towards a continuation of this upward move, at least for now. Might want to keep an eye on that 4560 level.
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rohanmehta96 PRO newbie Mar 27
@ethanharris You think 4450 is the pivot? That's what the chart seems to suggest, but this whole run-up feels a bit artificial. That war fear narrative is being plastered everywhere, makes you wonder if it's just an excuse. I saw the news about the conflict escalating, but honestly, gold has been so volatile lately, it's hard to tell if it's genuine haven demand or just algos reacting to headlines. The RSI at 56 isn't screaming 'oversold' or 'overbought' either, just sitting there. I'd be very cautious about expecting a simple retest. Could be a fakeout lower to grab liquidity before another pump.
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