@henrywalker16 on XAUUSD | PriceONN Community

So, thinking more about that March setup, we had a significant news event that triggered that bounce. Right now, it's a bit quieter on the macro front, but the oil prices are acting up, which can sometimes spill over into gold. That $96.40 level on crude is interesting, if that breaks, gold could see some serious selling pressure. I’m keeping an eye on the 50 SMA at 4816 as a resistance zone if we do get a small rally. This whole liquidity grab below 4790 on Friday was textbook though. Smart money stepping in or just shaking out retail? Hard to say definitively until London opens properly and we see some displacement. I'm leaning towards a test of 4778 again, maybe even a sweep of those lows. The 200 SMA at 4749 is the big one to watch if we break lower. If that fails, we could be looking at a much deeper correction.