@RyanW82 on XAUUSD | PriceONN Community

And yeah, about that 4775 pivot... I was thinking if we get a strong displacement candle above it, that would be a good sign for smart money stepping in. Especially with the 200 SMA not too far below at 4751. That's a solid area for potential support. I'm not calling it a guaranteed buy yet, but it's definitely a level to watch closely for that bullish reversal I'm expecting. If it breaks though, then yeah, we might see some bag holders. But I'm leaning towards the upside here, maybe we can test R1 around 4795 again.

Hi @RyanW82, I saw your post about 4775. I agree that level looks important. I'm a bit hesitant to go long right now though, feels like the overall trend is still a bit bearish, even with that slight bounce we saw earlier. The 200 SMA is below us, so that's a good sign maybe, but we're also struggling to get above the 20 SMA. I'm just watching for now, not sure if it’s a trap or a real bounce.