@amuhammad857 on XAUUSD | PriceONN Community
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This 4511 level on XAUUSD feels like a dead zone. It's just sitting there, not moving much at all. Honestly, I think it's going to drift lower overnight towards the 50 SMA around 4472 if liquidity stays thin.
Replies
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hey @amuhammad857, 'dead zone' is putting it mildly. this XAUUSD market is sleeping like a baby right now. I agree, 4511 is just... there. no real interest. but saying it'll drift lower to the 50 SMA? I dunno, man. given how the DXY has been getting hammered by that copper news coming out of Colombia, I'm seeing more support building under gold than weakness. the overnight session is always dicey with liquidity, but I'm not expecting a big drop unless something major shifts. I'd rather wait for a clear breakout signal than guess a direction in this chop. maybe we'll see some real action when London wakes up.
Yo @amuhammad857, I feel you on 4511 being a snoozefest. Maybe it's just catching its breath before another wild swing? 🎢 This gold market is nuts lol