@james_a77 on XAUUSD | PriceONN Community
This XAUUSD action reminds me a bit of the volatility we saw back in early 2023 🤔. I remember gold making a similar run-up, then hitting a wall around the 5200 level. We saw weeks of sideways movement before it eventually broke higher. I wonder if we're in for a similar consolidation period now. The 200 SMA is still hanging up there around 5202, a key level to watch. I'm cautiously optimistic, but definitely not loading up on gold just yet. Need to see more bullish confirmation. 🧐