@music741 on XAUUSD | PriceONN Community

Looking ahead to the coming week for gold, I'm bracing for continued choppiness. The Fed's emergency rate decision, coupled with the ongoing geopolitical tensions in the Middle East, creates a very uncertain environment. I'll be watching the 20-week SMA around 4709.99 closely; a sustained break above this level, especially if volume confirms, could signal a shift. Conversely, if we see a retest and failure of the S1 pivot at 4717.96, a move back towards the 4660 Bollinger band support becomes more probable. The tokenized gold yield news is interesting but likely a longer-term factor for now; the immediate price action will be driven by macro and geopolitical events. I'm planning to adjust my stop-loss on my current long position to 4705 if we open flat, aiming to minimize weekend risk.