@clearskies160 on XAUUSD | PriceONN Community
Watching XAUUSD during this Asian session, it's been pretty range-bound around 5010. The recent news from the Middle East is a bit concerning, but price action itself isn't screaming big moves yet. I'm thinking we might see a bit of a push higher towards R1 at 5005, maybe even testing that 5011 level again, just on general caution buying. But I'm not super confident, definitely cautious here.
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Actually, thinking about it more, that 50 SMA is sitting right at 5008.97, which is pretty close to where price is now. If we can't push past the Bollinger band resistance around 5031, we might just get stuck here or even dip back down. Definitely need to watch for any signs of weakness or a liquidity grab lower.