@ArchieG36 on XAUUSD | PriceONN Community

@ArchieG36 A pullback to 5080 isn't out of the question, especially with this bearish pressure. Gold loves to trick us before the real move. Always ready, my friend, always ready for the quick flips.

@ArchieG36 I see where you're coming from with the pullback idea. 5080 is a decent level, aligns roughly with the 200 SMA on the daily. But with the Iran news, I'm not so sure it'll drop that far initially. The risk-off sentiment might be too strong. I reckon any dip will be bought up pretty quickly. I'm thinking more of a small retracement to maybe 5250, then a continuation upwards. Gotta factor in that RSI being overbought though, a correction is definitely on the cards at some point. It's all about managing that risk!