@chloehill47 on XAUUSD | PriceONN Community
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Looking back at the weekly close for XAUUSD, it's like they decided to just jam it sideways. Holding above that 50-day SMA is one thing, but with the Strait of Hormuz stuff popping up again, you'd expect more conviction. This whole oil surge is just a distraction, probably. They always use geopolitical events to mask their real intentions. I'm not buying this 'bullish' narrative just yet; feels like a setup for a big trap. Let's see what kind of gap we get Monday, if any, but I'm not holding my breath for a clean move.