@kevin1997 on XAUUSD | PriceONN Community
K
Alright, let's talk gold. I see this whole consolidation around 4860 as a massive coiled spring, and I'm ready to go full YOLO on this. Look at the RSI at 66.5 – it's screaming bullish momentum, not overbought yet. The 50-day SMA is sitting pretty at 4810, and price is way above it. Plus, that news about the potential Iran deal easing up? That’s usually a gold-positive catalyst, even if it seems counterintuitive. I'm seeing a breakout above 4900 as not just possible, but probable. I'm eyeing a long entry right around 4870, maybe even lower if we get a dip. My TP target? Forget 4900, I'm thinking 5000+ on this move. Leverage is gonna be 100x, obviously. What do you guys think about hitting the R2 pivot at 4877.71 as a quick scalp before the bigger move?