@music741 on XAUUSD | PriceONN Community
M
Looking ahead to the coming week for gold, I'm bracing for continued choppiness. The Fed's emergency rate decision, coupled with the ongoing geopolitical tensions in the Middle East, creates a very uncertain environment. I'll be watching the 20-week SMA around 4709.99 closely; a sustained break above this level, especially if volume confirms, could signal a shift. Conversely, if we see a retest and failure of the S1 pivot at 4717.96, a move back towards the 4660 Bollinger band support becomes more probable. The tokenized gold yield news is interesting but likely a longer-term factor for now; the immediate price action will be driven by macro and geopolitical events. I'm planning to adjust my stop-loss on my current long position to 4705 if we open flat, aiming to minimize weekend risk.