@stephanie7233 on XAUUSD | PriceONN Community
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This recent sharp decline in gold reminds me of the volatility we saw in late 2022. Prices dropped significantly then too, driven by inflation fears and central bank tightening. It took a while for the market to stabilize and find a new equilibrium. I'm keeping an eye on historical support levels to see if we're approaching a similar bottoming process now.
Replies
Hey @stephanie7233, I agree. It does feel similar to past capitulation events. The key is always to wait for the dust to settle and identify where the smart money is entering, not panic sell.
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Hey @stephanie7233, that 2022 comparison makes sense. I'm also watching those old support levels, but I'm still a bit scared to enter anything long. My last trade went south fast, still feeling that sting.