@BoldStorm82 on XAUUSD | PriceONN Community
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Spent most of Saturday just staring at the XAUUSD weekly chart, trying to make sense of it all. The close on Friday was surprisingly strong, especially with all the geopolitical noise. It seems like gold is holding above that 4700 level nicely, which is encouraging. I'm watching the 50-week SMA around 4710; if we can push through that next week, I think we might see a run towards the 200-week SMA at 4774. The tokenized gold news is interesting, but for now, I'm sticking to my pure price action analysis. The key will be how global markets react to that escalating oil situation on Monday.