I have this going too, but only for a specific armor piece. I noticed what looked like, maybe a piece of forearm floating in my field of vision and locked to a compass direction (like, turn around 180 degrees it doesn't follow, but turn back around and there it is.) It follows me around though and is pretty weird. I did some diagnosis and I have determined that for me it is the Sunbracers with the Eyes of Mercury ornament. I am on PS4, myself. Similar, maybe related?
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Yeah, it’s similar with my guardian with the issue being locked at a specific direction. Though not sure which armor is causing it since issue remained for different pieces.