@kumar2616 on XAUUSD | PriceONN Community

Yeah, and looking at the price action more closely, it's hovering right at that 50-day SMA again. It’s like the market can’t decide if it wants to respect it as support or break through. The Bollinger Bands are really tight here, which is classic for a potential breakout, but which way? 🤷‍♂️ I'm hesitant to go heavy on a long position without seeing a clear break above 4750, maybe even 4760. On the flip side, if we see a strong push down and it breaks below the 20-day SMA near 4716, that could signal a short-term dip. It’s just so uncertain right now, feels like a coin toss. Watching the volume closely to see if any conviction builds.

Kumar, I see your point about the 50-day SMA at 4745 and the Bollinger Band squeeze. In this quiet Sydney session, I'm actually observing a few doji candles forming on the H1 chart. This often signals indecision, which fits with the low volatility you mentioned. It's a neutral pattern for now, but could precede a significant move if volume picks up.