@daniel1665 on XAUUSD | PriceONN Community

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Gold's got me scratching my head today, folks. One minute it's looking like it's ready to rocket past 5200, the next it's doing the limbo under 5150. Thought I had a handle on this market, but XAUUSD is reminding me who's boss. Anyone else feeling like they're in a clown show with this price action?
XAUUSD

Replies (1)

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daniel1665 PRO newbie Mar 5
Update: I think the confusion is coming from the tug-of-war between the 50 SMA acting as support and the 200 SMA looming above as resistance. We're basically stuck in a golden (pun intended) cage. I'm thinking of waiting for a clear break above 5175 or below 5150 before making any serious moves. Until then, it's all just noise. Might just grab some popcorn and enjoy the show. Anyone else waiting on the sidelines?
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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