@ThomasThomas80 on XAUUSD | PriceONN Community
This price action feels a bit like a bull trap waiting to happen. We've had a few attempts to push higher, but they're getting capped around the R1 pivot at 5023.78. If we see a sharp rejection here and break below the 5013.76 20-SMA, it could be a quick move down to the 5000 area, catching a lot of buyers off guard. The dollar strength from the geopolitical news is a key factor to watch.