@bongani5421 on XAUUSD | PriceONN Community

Hey @bongani5421, totally agree it's a weird mix with oil. The geopolitical news is usually a clear driver for gold, but today feels different. I'm seeing the dollar index gaining some serious traction, which is definitely putting a cap on XAU. That S2 pivot you mentioned is critical right now. If it holds, we might see a short-term relief rally, but honestly, the overall technical picture feels a bit weak. The 200 SMA is still miles away, and we're struggling to hold these lower levels. I'm not keen on jumping in long just yet, feels like catching a falling knife. 🔪 Better to wait for clearer signals.