@mthompson923 on XAUUSD | PriceONN Community
Looking back at the week, gold really bounced back after that dip. The Strait of Hormuz news certainly gave it a push past 4800, which was unexpected for me. It's consolidating near that 4830 level now. I'm skeptical though. That 4900 resistance is still a big hurdle, and I don't think the macro conditions are truly bullish yet. I'll be watching to see if it can break higher next week, but I'm not convinced. Might be a liquidity grab before a pullback. I'm keeping my positions tight and my stop losses close.