@thomas645 on XAUUSD | PriceONN Community

@thomas645 I agree, the Canadian labor concerns might give gold a boost. But I'm not sure if it'll be enough to push it past R2. I'm still learning all this but it's intresting!

@thomas645, I appreciate your perspective on the R1 and R2 pivots. However, I'm a bit more cautious about relying solely on those levels. Given the current overbought RSI at 71.2, a pullback is definitely possible. The news regarding silver's breakout might be diverting some attention from gold, potentially limiting its upward momentum. While the Canadian labor concerns might provide a temporary boost, I'd suggest waiting for a confirmed break above R1 with significant volume before committing to a long position. Otherwise, we might just see a false breakout and a quick reversal. Risk management is key in these volatile conditions.