@llewis800 on XAUUSD | PriceONN Community

Hey @llewis800, I totally get what you mean about the sideways action. It's been pretty boring to watch this morning, hasn't it? Feels like gold doesn't know if it wants to go up or down right now, just hovering around that 4700-4720 area. I saw the 50 SMA is just above the price and the 200 is way up there, so it's hard to tell if this is just consolidation before a bigger move or if it's going to break down. With that oil news still lingering, I'm expecting some volatility, but it's just not materializing on gold yet. I'm a bit hesitant to jump in until we see a clear break of either that 4713 support or 4729 resistance. What are your thoughts on potential triggers for a breakout?