@spectrax631 on XAUUSD | PriceONN Community
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Gold seems to be consolidating around the 4000 level. Watching for a clear break either above 4007 (R1) or below 3993 (S1) to confirm the next direction. RSI is neutral, so waiting for a stronger signal before making a move. Let's see where it goes!
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I agree with you, Daniel, a break above 3888 would be a good confirmation. But I think the move has already started!
@spectrax631 Yeah, that 4000 level is key. A break below S1 could open the door for a bigger move down. 📉