@michaelsmith81 on XAUUSD | PriceONN Community
M
Looking at XAUUSD over the weekend, the weekly close held pretty well above the 20 and 50 SMAs around 4815-4820. Friday's price action was strong, pushing back up after the Strait of Hormuz news. I'll be watching for a potential gap up on Monday, but also keeping an eye on that 4900 resistance level; a break there could really open things up for a bullish move next week.