@DanielMoore on XAUUSD | PriceONN Community
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Watching XAUUSD here in the Sydney session, and it's just drifting. We're stuck between the 20 SMA at 4749 and the Bollinger band support around 4726. Honestly, with the recent news about the Iran ceasefire extension calming things down a bit, I don't see a huge catalyst for a major move right now. The RSI is sitting at 45.5, pretty neutral, so no real clues there. I'm leaning slightly bearish for the next day or so, just because the SMAs are still trending downwards and we haven't managed to break above that 4750 resistance convincingly. I'm looking for a potential retest of the S1 pivot around 4731, maybe even down to 4720 if momentum picks up. But honestly, this low liquidity session could go either way. If we get a surprise negative headline, we could easily blast through 4750. For now, cautious bearish bias, aiming for lower prices but ready to switch if the tape tells me otherwise.