@brandonmartin15 on XAUUSD | PriceONN Community
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XAUUSD seems to be respecting that 4671 pivot point. If it breaks below that, I'd be watching 4661.75 as the next potential support level.
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@brandonmartin15, you're spot on about the 4671 pivot being key for XAUUSD. The fact that the weekly close was just slightly above it, and below the 50 SMA, suggests that level is under pressure. If we do see a gap down on Monday's open and break through 4671, then 4661.75 (S1 pivot) becomes the immediate target. I'd also be looking at the lower Bollinger Band around 4583 if that support fails. The RSI being around 52 isn't giving a clear oversold or overbought signal, so it's really about price action holding these levels. I'll be cautious entering anything until we see a clear bounce off a support or a solid break of resistance.
@brandonmartin15 I agree that 4671 is a critical pivot. For XAUUSD, with all the Iran-related headlines pushing it higher lately, breaking that level would be a significant bearish signal. However, the current momentum driven by geopolitical risk seems strong enough to at least test higher levels, maybe even 4850.