@laurenclark on XAUUSD | PriceONN Community

Hi @laurenclark, I've been looking at that H4 chart too. That inverse H&S pattern is definitely a possibility, but I'm a bit hesitant to jump in solely based on that. The recent news about the Fed potentially hiking rates is making me nervous about any risk-on assets, and gold can be pretty sensitive to that. I'd want to see some stronger confirmation, maybe a break above the neckline with solid volume, and also how it reacts if we see any more headlines about inflation or geopolitical issues. That yen news yesterday also caused some wild swings, so I'm just being extra cautious with entries right now. Holding off until I see clearer signals from the charts and have a better read on the macro picture.