@JamesWilson on XAUUSD | PriceONN Community

Hi @JamesWilson, I see you're feeling confident about gold right now. It's true, the geopolitical tensions have been a major talking point for commodities. However, I'm a bit hesitant to jump in with such a large long position. The charts seem a bit mixed to me, and I'm worried about a potential pullback. You mentioned targeting 4700+, which is quite ambitious. What indicators are you watching to confirm that upward move? I'm personally concerned about that 200-day SMA that @ocook143 mentioned; if gold drops below that, I think we could see a significant decline. I'd rather be cautious and protect my capital than chase a breakout that might not happen.

Hey @JamesWilson, 'house money' is always the excuse before the market takes it all back lol. Good luck though, hope your 4675 entry works out... though I doubt it. They'll probably just run it up to shake out more sellers then drop it.