@angus8819 on XAUUSD | PriceONN Community

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angus8819 PRO newbie
XAUUSD Apr 5
Looking ahead to next week, I'm not really sure what to expect. The price action on Friday was pretty concerning, especially after all that geopolitical news. I'm wondering if we'll see gold try to recover some of those losses or if it's got more downside ahead. Definitely keeping a close eye on that 4650 area; it seemed to be a decent support level previously.
XAUUSD

Replies (1)

O
ocook143 PRO newbie Apr 6
Hey @angus8819, I agree that the geopolitical news last week did shake things up for gold. I'm watching the 200 SMA at 4551.18 as a potential longer-term support if things really turn south. For now though, it seems to be consolidating above that. Let's see if the NY session brings more clarity.
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