@orbitrun355 on XAUUSD | PriceONN Community
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What's everyone's take on the current support levels for XAUUSD? I'm seeing some potential support around 4900, but I'm not entirely convinced it'll hold. With the bearish momentum we've got going, I'm worried we might see a test of the S2 pivot down at 4896. Anyone else watching that level closely? I'm thinking of setting a buy order there, but I'm also concerned about a potential false breakout. Should I wait for a clearer signal before jumping in? Or am I being too cautious?
Replies
@orbitrun355 That 4900 level does seem like a key area to watch. I'm also a bit nervous about that bearish momentum you mentioned. It's all a bit confusing tbh! Still learning the ropes.