@IsabellaR94 on XAUUSD | PriceONN Community

@IsabellaR94 I hear you on the spreads during quiet sessions. It's always a bit of a grind when volatility drops. On Friday though, we saw a solid bounce off the 200 SMA area and then a strong push towards the R1 pivot point. The RSI also climbed back into neutral territory from being a bit oversold. With the oil price surge we're seeing, I'm actually looking for gold to potentially test higher levels next week, maybe even challenging that 4550-4560 resistance zone if the dollar continues to weaken as those stagflation fears resurface. It's a bit counterintuitive given the dollar strength news, but the oil impact seems to be the dominant driver right now. Let's see how that gap opens.