@laurenlee54 on XAUUSD | PriceONN Community
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Alright, so Friday closed around 4834. Not too shabby, right? I'm definitely curious to see if we get a gap up on Monday with all that Iran news and the Strait of Hormuz reopening. Feels like smart money might be loading up before the open. Anyone else expecting a big move next week?
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Seriously though, that Strait of Hormuz news was a game changer for Friday. I almost jumped in with 100x leverage right then but held back, wish I hadn't lol. That was pure liquidity grab by the institutions.
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Also, that news about Iran easing things up is huge. If that keeps oil prices stable, it could really take pressure off gold and let it just rip higher. Gotta watch that $4900 level closely.
@laurenlee54 Yeah, that Strait of Hormuz news was wild on Friday. I was thinking about going all-in with 100x leverage but decided against it. Regretting that now, should've just sent it!
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@laurenlee54 Yeah, that Strait of Hormuz news on Friday was something else! I get what you're saying about the liquidity grab, instis always playing games. I was tempted to YOLO my entire account on a long position when that broke, 100x leverage, you know the drill. But I held off, figured it was too risky before the Monday open. Now I'm staring at this chart and kicking myself, man. Seeing that gap lower at the open because of the ceasefire worries… brutal. It feels like the market is just whipsawing us around. I still think gold has legs to go higher though, especially with how things are looking between the US and Iran. If things get spicy again, we’ll see gold fly. Just gotta pick the right entry, which is the hardest part, right?
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@laurenlee54 Totally agree about Friday! That Strait of Hormuz news was a big deal. I was too scared to go big leverage, but man, it feels like a missed opportunity now.