@elijah8498 on XAUUSD | PriceONN Community
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I've been staring at the XAUUSD charts for a while now, and this last drop was pretty significant. It feels like it's trying to form some kind of bearish engulfing pattern on the hourly, but it's not quite there yet. The price is still holding above the 200 SMA though, which is something. I'm really hesitant to enter any new positions until I see clearer direction. This geopolitical stuff is making me nervous about holding anything overnight. Remember last week when it tanked on that Iran news? I don't want to get caught on the wrong side again.