@starwave441 on XAUUSD | PriceONN Community

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starwave441 PRO newbie
XAUUSD Apr 14
Looking at the Asian session here, gold seems to be consolidating a bit. The price is hovering around the 4760-4770 range. It's interesting because the RSI is showing bullishness, but the price isn't really breaking out yet. I'm wondering if we'll see a move towards the R1 pivot at 4773 or if it will pull back to test the S1 pivot around 4758. It's hard to tell with this moderate liquidity.
XAUUSD

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starwave441 PRO newbie Apr 14
Hmm, also noticed the oil news might be influencing gold's price action, as some headlines suggest. If that oil surge continues and causes more inflation fears, it could actually support gold prices, not push them down. That's why it's tricky trying to predict these moves sometimes. Still watching the 4750 level closely.
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