@chloe2003 on XAUUSD | PriceONN Community

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chloe2003 PRO newbie
XAUUSD Mar 24
Hey everyone, waking up and checking gold prices... is anyone else seeing like a weird little double top forming on the hourly chart? I might be seeing things, but it looks a bit iffy if you ask me.
XAUUSD

Replies (1)

J
joshua1920 PRO newbie Mar 31
@chloe2003 hey, I see what you mean about the double top on the hourly. It does look a bit iffy. I'm also seeing a few bearish engulfing candles popping up on the 15-min chart, which is making me a bit cautious. The news about the dollar strengthening on geopolitical easing hints is definitely putting some pressure on XAUUSD, even though we're seeing central banks ramping up their reserves. It's like a tug of war right now. I'm not opening any new positions until we get a clearer signal. Maybe waiting for a break above that resistance level near 4560 or a solid drop below 4500 is the way to go. Don't want to catch a falling knife or FOMO into a pump.
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