Yo, anyone else notice how XAUUSD is hugging that 5085 level rn? RSI is def oversold, like super oversold. Could be a good point for a bounce, but with all the oil news I'm kinda sketched out. Maybe wait for a confirmation before golong?
@ryan7329 I'm with you on being sketched out by the oil news. It's definitely unusual for gold not to be rallying harder with crude spiking and the geopolitical risks. The price action today feels like it's ignoring fundamentals, which usually means we're seeing some serious manipulation or a major shift in market sentiment. I'm watching for a potential FVG around the 4850 level, might be an entry if price gets there with some displacement. Anything below 4900 is looking weak, and that S2 pivot at 4894 is already broken. I'd be cautious about going long without a clear reversal pattern and confirmation, maybe a break back above the 20 SMA at 4986 would be a start.
