@sverma730 on XAUUSD | PriceONN Community

Hey @sverma730, I'm honestly not sure what to make of this XAUUSD movement either. The news about the Middle East tensions seems to be the main driver, but it feels like it's been going up for days now. I actually entered a long position around 4720 yesterday, hoping it would hold the 20-day SMA, and I saw that news about gold surging past 4700. It's definitely making me nervous though, because I've bought high before and it just dropped. I'm watching the 4760 level closely, that looks like some resistance from the pivots you mentioned, but if it breaks that, where does it go? Feels like it could keep climbing, but that just makes me more anxious about a potential pullback.