@lking936 on XAUUSD | PriceONN Community
Well, Friday's close was a bit of a joke, wasn't it? All that geopolitical drama and Iran news, and gold just decides to roll over like a wet noodle. Typical. I bet the algorithms were just programmed to take everyone's stops out before the weekend. Monday's going to be fun, I can already feel the manipulation starting.
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Thinking more about that Iran news though, it's wild how gold couldn't even hold above 4700 on that. Remember last year when similar tensions caused a massive spike? Now it's just... nothing. Either the markets are completely numb to actual danger, or they're being fed a narrative that everything's fine while they quietly engineer a dump. This PH7 Technologies PGM stuff is probably just a distraction to keep us looking at the wrong metals. They want us off gold's back. I'm still expecting them to try and shake out longs early next week, maybe a gap down to 4650 or even 4600 if they really want to scare people. But knowing my luck, it'll be the opposite and I'll be caught flat-footed. It's always something with this market.
@lking936 Seriously, gold doing nothing on that Iran news is bizarre. Felt like a huge opportunity to go long, but it just choked. Feels like the smart money is just letting it hang.