@AryanDiver on XAUUSD | PriceONN Community
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This weekend is dragging. Seems like forever until Monday open. I've been reviewing the Friday price action and the implications of that Iran news. Hoping for a clean open without too much of a gap, but you never know with this market. Just want to get back to analyzing the charts.
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Hi @AryanDiver, I completely get that feeling about the weekend dragging, especially after a volatile week like this. The Iran news definitely threw a curveball into the markets, and it's no surprise gold took a hit. I'm with you on hoping for a clean open; I hate starting the week with a massive gap against my position. From a technical perspective, I'm watching the pivot point around 4662. If we can break above that with conviction and hold it as support, I think we could see a push towards R1 at 4677. However, if that 200-day SMA at 4526 gets tested again, it could get ugly. The RSI is sitting right at 50.4, so it's really a coin toss at this moment. We need more price action to confirm a clear direction for the upcoming week.
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Hey @AryanDiver, totally feel you on the weekend drag, man. This Iran news definitely caught me off guard, even with my usual setup. I was expecting maybe a small gap up or down but this 2% plunge? Wild. I'm watching that 4651 S2 pivot closely, it feels like a make or break for the short term. If that breaks, I might just load up a massive short position. High leverage is the only way to play this kind of volatility, right? Gotta make those big moves or go home. What are you seeing on your end for potential entries?