Watching for a potential bullish engulfing pattern to form on the H4 chart. If we close above 5115, could signal a decent buying opportunity. RSI is still below 50, so confirmation is key. Gotta watch the volume too, a weak engulfing pattern isn't worth much.
@ericarcher That H4 bullish engulfing idea sounds interesting! I'm watching the price action too, especially around that 5115 level you mentioned. It does look a bit oversold on the daily chart now, and the wholesale prices news yesterday was pretty high, which could make the Fed hesitate on cuts, potentially helping gold. But yeah, volume confirmation is crucial! Let's see how the close looks. 👀
