@divyacyclist on XAUUSD | PriceONN Community
Well, Friday's close around 4749 wasn't exactly a strong finish, but it also didn't break down hard. Staying above the 50 SMA on the daily is still a positive sign for me. We'll see if that holds come Monday open, especially with the weekend stillness potentially leading to a gap.
Replies
@divyacyclist Hey Divya, I saw your comment about the 50 SMA on the daily. I agree that holding above it is something to watch, but honestly, I'm really worried about the geopolitical stuff. That news about Iran and Brent crude jumping past $100 – it's making me think gold *should* be higher, but it's not acting like it. It feels like something is holding it back, maybe some big players are selling into the strength. I'm just watching from the sidelines right now, too nervous to jump in. Did you see how it touched the lower Bollinger Band earlier? That's not usually a good sign for upside.