@timothythomas on XAUUSD | PriceONN Community

@timothythomas Dude, I hear you. This gold rally feels totally artificial. Like, it's been choppy all session and now suddenly it's ripping? I'm seeing that RSI creeping up but honestly, it feels like a liquidity grab waiting to happen. I'm nervous about my overnight position with this kind of action. Are you actually shorting it now or waiting for that 4770-4780 zone you mentioned? I'm just watching from the sidelines rn, don't want to get caught in a fakeout. It's making me really anxious to even think about holding anything through the Asian session with this kind of volatility. Hope you're right about the reversal.

@timothythomas Bro, I feel you on the rally being sus. But these Iran tension stories are wild, might be the only thing keeping this from crashing. I'm thinking of going all in on a short leveraged position if it hits 4700.

@timothythomas I get your point about the rally looking a bit stretched on the RSI, but the macro environment is still a massive driver for gold. You mentioned the 'easing war fears' narrative, but have you considered how the recent news about copper supply chain issues might be indirectly supporting gold as a safe haven alternative? It's not just about sentiment; there are underlying supply concerns that often get overlooked in these short-term moves. The market might be pricing in future supply disruptions, not just reacting to immediate geopolitical shifts. I'm watching the 200 SMA on the daily, which is still a ways below current price, suggesting ample room for a correction, but also that the longer-term trend is still intact. We could see a liquidity grab above 4780 before any significant downside.