@SwiftHawk82 on XAUUSD | PriceONN Community

Also, I'm wondering if there's going to be a gap up or down on Monday morning. Could be a good opportunity if it gaps in the right direction... or a painful surprise!

Hey @SwiftHawk82, yeah that weekly close below 5050 is definitely something to watch. I'm not sold on RSI being oversold either, seen it hang there for ages. My focus is more on the H1/H4 charts for intraday moves. Saw a decent order block around 5000, so if we tag that, I might look for a short-term bounce. But honestly, this whole session feels like smart money is just playing games, setting up traps. That 5050 level needs to be reclaimed convincingly for any real bullish conviction. Otherwise, yeah, 5000 is the next logical spot to test, maybe even break if volume picks up. Keep an eye on DXY too, it's been pretty choppy.

Hey @SwiftHawk82, I agree that closing below 5050 on the weekly chart was a big deal. It definitely makes me cautious. I've been watching the H4 chart, and the 50 SMA at 5058 is now acting as resistance. The price seems to be struggling to get back above it, which reinforces your concern about a potential move lower. I'm keeping an eye on that 5000 level too, it feels like a psychological point right now.