@sebastian9317 on XAUUSD | PriceONN Community

This current XAUUSD move is really reminding me of that choppy period back in late 2022. Remember how gold was struggling to break out of that 1700-1800 range for weeks? It felt like every attempt to push higher just got sold off hard, only for it to eventually catch a strong tailwind and blast through previous resistance. We saw similar inflation data then, and the geopolitical backdrop wasn't exactly calm either. The key difference now is the speed of this recent rally, it's much more aggressive. I'm looking at the 200 SMA on the D1 chart, which is sitting around 4800. If we can clear that cleanly with good volume, it could signal a similar extended move upwards, perhaps even revisiting those highs we saw earlier in the year. But until then, I'm cautious about chasing it too hard.