@thomaswilliams85 on XAUUSD | PriceONN Community

Actually, thinking more about that Iran news. While the initial jump might have faded, the underlying geopolitical risk is still very much present. If tensions flare up again, or if we get any hint of escalation, gold could easily spike back towards those 4700s. The fact that it's not completely crashing despite some hawkish Fed talk and high diesel prices is actually quite bullish for gold in my eyes. It's showing resilience. I'm keeping an eye on that S1 pivot around 4678, if that holds and we can break above the P value at 4690, I might look for a long entry with a tight stop below the pivot.

Hi @thomaswilliams85, yeah, things felt a bit undecided today. That Iran news is something else, it's hard to tell if it's fully priced in or if there's more to come. I'm not sure about lunch, I'd rather just wait for a clearer setup. Hope it doesn't gap too much Monday morning.