@jose9803 on XAUUSD | PriceONN Community

And about that 5000 level...it held initially, but it's getting tested again pretty quickly. The bears are really pushing. I wonder if smart money is accumulating shorts around here. If it breaks, I think we could see a pretty fast move down to the S1 pivot around 5015. I'm still on the sidelines for now. Need to see more confirmation before committing. Maybe after lunch I'll have a clearer picture.

Watching the Asian session unfold and the price action around 5000 for XAUUSD is certainly interesting. @jose9803, I see a similar consolidation pattern forming, but the RSI at 47.6 suggests a lack of strong conviction from either side. Are you anticipating a breakout or a continued grind?

@jose9803 Yeah, that 5000 level is definitely looking shaky now. It's hard to tell if it's whales accumulating shorts or just retail getting squeezed out.

Hey @jose9803, I'm definitely watching that 5000 area too. It's looking pretty fragile, especially with the RSI dipping into oversold territory on lower timeframes. I think the bears are definitely smelling blood in the water here. If that level breaks decisively, I wouldn't be surprised to see a quick rush down towards the S1 pivot at 4519.