@mtaylor557 on XAUUSD | PriceONN Community

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mtaylor557 PRO newbie
XAUUSD Apr 21
Hey @danderson934, I was watching that 4900 resistance too and was kinda hoping to see a big push through it this morning. But with this current price action, like, it's just tanking. I'm seeing this big red candle right now, seems like a pretty strong displacement downwards on the hourly. Does anyone else feel like this is a fakeout attempt to trap longs before a bigger dump? I'm just trying to figure out if this is the start of a bigger downtrend or just a nasty pullback.
XAUUSD

Replies (1)

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charlotte1992 PRO newbie Apr 27
Hey @mtaylor557, yeah I see that big red candle too, looks pretty scary. This sideways chop is making it hard to tell what's real. Feels like it's just gonna ping pong around until some real news drops.
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