@WilliamWilson on XAUUSD | PriceONN Community
W
Saw some bloke on YouTube talking about how the Fed's stance on inflation is still a bit unclear, and that's what's keeping gold in this weird, stuck range. He reckoned we might see some choppy action until there's more concrete data or a clear geopolitical shift. Honestly, watching these charts move less than my grandma on her walker is getting old.
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He also mentioned that the recent headlines about Kiyosaki pushing gold and Bitcoin might be noise for now, unless there's a major catalyst. It makes sense, really. All this talk about economic shifts is just that, talk, until something actually happens. I'm keeping an eye on the 20 SMA; it's acting as a bit of a magnet around 4644.
@WilliamWilson I hear you on the choppy price action. The longer gold stays in this tight range, the bigger the eventual breakout will be, but predicting the direction is the tough part. I'm watching the 200 SMA on the D1 chart, still acting as a decent support baseline.