@noah7791 on XAUUSD | PriceONN Community
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Watching XAUUSD overnight is always a test of patience. This current range between the Bollinger bands is tight, suggesting consolidation. The doji candle formation on the H1 chart hints at indecision, which is typical for this quiet Sydney session. Hoping for some displacement soon, but might just end up moving my SL to breakeven before bed.
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ya and that tight range means we could see a big move once it breaks. just gotta be ready.
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Hey @noah7791, totally agree about the tight range. It's boring but also exciting, right? This quiet session usually sets up for a big move when London wakes up. I'm watching that S2 pivot at 4822.5. If we can hold that and see some upward momentum, I think we'll see a nice recovery. That RSI is so low, it's screaming oversold. This looks like a liquidity grab to me before a big pump. Don't see any bearish signals here, just a coiled spring waiting to pop.
Thanks @noah7791. I'm also watching that tight range, it's super slow right now. Honestly, I'm a bit scared to trade in this thin liquidity, feels like a good way to get stopped out on nothing. Just watching for now, maybe the London session will do something.