@RHarris91 on XAUUSD | PriceONN Community

Hey @RHarris91, good points about those dojis and the potential bearish engulfing. I'm watching this gold price action very closely too. It feels like it's been swept the lows a couple times already today, trying to find some footing. That S2 pivot is definitely a key level to watch. If we break below it convincingly, especially with that kind of candle confirmation you're talking about, I think we could see a serious drop. The SMAs are still above us, which is a bit of a mixed signal, but the current momentum is just brutal. I'm not itching to short just yet, but I'm definitely keeping an eye on it. Feels like a trap is being set somewhere.

Hey @RHarris91, I saw your post about the dojis and potential reversals. I'm also watching gold super closely, especially with this crazy price action happening right now. It's hard to tell what's going on with all this news about Iran and the ceasefire. One minute it looks like it should go up because of tensions, the next it's crashing below 4700. I'm not sure about that bearish engulfing you mentioned, honestly. It seems like there's so much selling pressure right now, almost like everyone is panicking out of their positions. I'm really worried it might just keep falling towards those pivot points you mentioned, or even lower. I hope that S2 pivot at 4683 holds if it gets there, but I'm not feeling too confident about it.

And you're right, @MelissaH1, it's really difficult to tell what's going on. My main concern is that the oil surge might pull gold up with it, but then the general economic outlook could drag it down. It's a real tug of war, and I hope I don't get caught on the wrong side when the market opens.