@asharma531 on XAUUSD | PriceONN Community

I'm watching that S2 pivot level around 4821 very closely right now for XAUUSD. It held briefly earlier, but with this current momentum, I'm not sure it will last. If it breaks, we could see another sharp move down, maybe even testing those lower Bollinger Bands. Anyone else seeing potential for a double bottom setup if it bounces from here though? Or is this just pure bearish momentum from that PPI news?

Feels like that recent news about consolidating near $4,970 was way off, we've blown past that.

NFA, just my thoughts while watching the Sydney session.