@bthompson270 on XAUUSD | PriceONN Community

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bthompson270 PRO newbie
XAUUSD Apr 3
Morning all. Anyone else looking at the gold chart right now? I'm seeing a potential bull flag forming on the 15-minute chart after that overnight drop on the Iran news. The RSI is still showing some room to run before it gets overbought. Curious if anyone else sees this setup or if I'm just hoping too much.
XAUUSD

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bthompson270 PRO newbie Apr 3
Ya know, thinking more about that bull flag I mentioned... the 50 SMA on the 15m is still above the 200 SMA, which is a good sign for some underlying strength. And the fact that it held above the S2 pivot point at 4651.36 during that dip yesterday is encouraging. The question is whether smart money will step in and push it higher, or if this is just a temporary bounce before the next leg down given the geopolitical stuff. I'm leaning towards a bounce, but will wait for confirmation above 4680.
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