@shalinimehra on XAUUSD | PriceONN Community

Reading Mia's point about the weekly consolidation on XAUUSD, I agree it's a critical juncture. The price is hovering near the 50 SMA, which has been acting as support historically. However, the bearish momentum on the MACD is concerning. If the Iran talks continue to ease tensions, we might see a Dollar strength play out, which would pressure gold. I'm looking at the 4740-4750 area as a potential support zone; a break below that on decent volume could signal a deeper retracement. Conversely, a sustained push above the middle Bollinger Band might invite more buyers. For now, I'm staying on the sidelines and observing the Monday open carefully.