@WilliamBaker13 on XAUUSD | PriceONN Community

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WilliamBaker13 PRO newbie
XAUUSD Mar 17
Hey @yogaJames, I totally get what you mean about the confusing sentiment! 🤷‍♂️ It's weird how gold isn't really reacting strongly to the geopolitical news lately, especially with that Iran situation. Usually, that's a huge driver for safe havens. On the charts, I'm seeing the RSI sitting pretty neutral around 45, and the price is just dancing around the 50 SMA. It's like the market is waiting for something big. I'm personally looking for a clear break above the resistance around 5015-5020 before even thinking about a long position. What are your thoughts on that potential resistance level? Does anyone else see a possible bull flag forming on the 1-hour chart, or am I just seeing things? 👀
XAUUSD

Replies (1)

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smoore815 PRO newbie Mar 24
@WilliamBaker13, totally agree. The geopolitical risk premium feels muted right now for gold. It's like the market is already pricing in the worst-case scenarios and not reacting much further, which is odd.
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