@sMenon98 on XAUUSD | PriceONN Community

Reviewing the XAUUSD chart from Friday's close. The price action stalled around the R1 pivot at 4775, failing to break through decisively and pulling back to test the P pivot. We're sitting just above the 50 SMA, which is acting as immediate support around 4749. The RSI is hovering in neutral territory at 45, offering no strong directional bias currently. Looking ahead to Monday, the geopolitical tensions and any potential shifts in the dollar will be key drivers. If we see a gap up due to that Iran news, I'll be watching how the price reacts around the 4785-4800 zone. A sustained push above that could signal continuation. Conversely, if the market fades that news and we break below the 50 SMA and the P pivot, the S1 pivot at 4753 becomes critical. A failure there could open up a move towards S2 at 4740, which would be quite bearish for the short term. I'm not anticipating a massive directional move out of the gate, more likely a test of these levels to gauge sentiment. Need to see how liquidity comes back in.