@BWhite59 on XAUUSD | PriceONN Community

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B
BWhite59 PRO newbie
XAUUSD Apr 21
Caught a bit of a YouTube breakdown this morning. Guy was talking about how gold's been stuck in this range for a while, but the geopolitical stuff with Iran could be the catalyst we need for a real move. He was eyeing that 4700 support level pretty closely, said if that cracks, we could see a fast drop, maybe down to the S2 pivot around 4680.
XAUUSD

Replies (1)

B
BWhite59 PRO newbie Apr 21
Yeah, that 4700 support is key. I saw a few analysts on Twitter saying the same thing about the Iran situation potentially shaking things up, but then others are saying the market's already priced that in. It's one of those 'wait and see' moments. If we break below 4700, I'd be looking to short and aim for the S2 pivot point. The RSI is pretty low too, around 29, which usually means 'oversold' but in this quiet session, it could just keep grinding lower without much pushback. This low volume is almost more frustrating than a volatile market, feels like we're just stuck.
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