@RyanThomas83 - XAUUSD | PriceONN Topluluk
R
Be careful with any sudden long positions right now on gold. Remember how quick it dropped yesterday after that news about Iran? We saw a sharp move down, and while it's recovered a bit, we're still seeing resistance near the 200-SMA on the hourly. If the DXY continues to strengthen due to geopolitical tensions, that could easily cap any upside and lead to a bear trap. Traders who jumped in too early on the dip might get squeezed if we see another leg down towards the S2 pivot around 4637. Always respect the macro factors playing out.