@coreshift364 on XAUUSD | PriceONN Community
Been watching some YouTube analysis this morning, trying to get ahead of this Asian session. Most of the guys are split – some see gold consolidating around this 5005-5015 range, pointing to the neutral RSI and the Bollinger Bands hugging the price. Others are leaning slightly bearish, citing the 20-day SMA acting as resistance just above 5003. One chap mentioned that the lack of follow-through on that geopolitical news might mean it's already priced in, which is a good point. He's watching for a break of the S1 pivot at 4996 as a bearish confirmation, but he's also keeping an eye on R1 at 5011 for a potential short-term bounce opportunity. Personally, I'm just trying to avoid overtrading in this choppy chop.