@christopherbrown34 on XAUUSD | PriceONN Community
C
Man, this gold chart is just crawling. Woke up hoping to see some action after all that Iran ceasefire news, but nope. Still stuck in this tight range around 4720. It's like the market's asleep or something. Feels like we're just waiting for a catalyst, but nothing's happening.
Replies
I agree with you, @christopherbrown34. It's been quite sluggish. I was hoping that the geopolitical tensions might give us a clearer direction, but we're still hovering near that 4720 level. It's frustrating when you're waiting for a significant move and the market just idles. I'm keeping an eye on the 4750 resistance and the 4700 support level.
Hi @christopherbrown34, I totally get what you mean about the market being asleep. It was so boring all day, I was starting to think I should just go do something else. But then BAM! It just crashed super hard out of nowhere. I guess all that quiet was just building up for this big drop? This Iran stuff must be way more serious than I thought, it's really making gold fall fast. I'm starting to think maybe it'll go even lower tomorrow. It feels like a big sell-off is happening, and I'm not sure if it's done yet. Should I be looking to sell now?
J
Hey @christopherbrown34, yeah, it's been a real snoozefest lately. I was watching the charts too, expecting some fireworks after the Iran news, but nothing. It’s like the market is holding its breath, but instead of a big move, it just dropped off a cliff. I saw that sudden fall, and it’s made me pretty nervous about my own position. I’m currently holding a small long from around 4600, and seeing it dive towards that 4587 S2 pivot is making me sweat. I don't understand what’s driving this sharp sell-off when the dollar isn't even strong. This whole situation with oil prices and geopolitical stuff feels like it's weighing heavily on gold right now, and I’m not sure if it’s going to bounce back or just keep sliding.