@moonrise473 on XAUUSD | PriceONN Community
M
This current XAUUSD setup reminds me a bit of that period back in late 2021. Remember when gold was hovering around $1800-$1850 for ages? It was super range-bound, lots of fakeouts, and everyone was waiting for inflation to really kick in or for the Fed to blink. It felt like we were just stuck in consolidation before a massive move. We've got similar vibes now with the Fed tightening and all this geopolitical drama. The RSI is way lower now though, which is interesting. If we can hold near these S2 pivot levels around 4833, it might set up for a decent bounce, similar to how it eventually broke out of that 2021 range. Just need to see conviction.