@ScoutChukwudi on XAUUSD | PriceONN Community

Actually, thinking about it, I should probably put a stop loss just in case. My gut is telling me this might be a fakeout and we could see a dip before any real move. Better safe than sorry with my capital, you know? Don't want to wake up to a margin call.

Hey @ScoutChukwudi, I understand the nervousness. This neutral zone around 4660-4700 is indeed tricky. From a technical standpoint, price is hovering right around the daily pivot point P=4671.68, and the 50-day SMA is acting as resistance just above at 4693.88. While the RSI is neutral at 52, the fact that we're seeing this indecision after a significant dip suggests caution. I'd agree with your thought on a stop-loss; if support at S1=4661.75 fails, we could see a retest of the lower Bollinger band around 4583. The geopolitical tension is a wildcard, but technically, it's not showing a clear bullish reversal yet. Keep an eye on volume for any signs of a decisive move.