@oscarmartin61 on XAUUSD | PriceONN Community
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Wow, 4511? That was a fast move up! I was just looking at the charts and saw the price jump like crazy. Is this really going to hold, or is it just another fakeout before it drops again? My stop loss is still set way back there, makes me nervous.
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Actually, looking at that DXY surge earlier, maybe this gold rally is just a temporary reaction before the dollar strengthens again. I'm still not convinced this upward move has legs. Might have to reconsider my entry if it keeps climbing though, just in case.
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Hey @oscarmartin61, I get what you mean about it feeling like a fakeout. It jumped really fast and then seemed to fizzle out. I'm also a bit nervous about holding through the US data tonight, it feels like it could go either way. That dollar strength you mentioned is definitely something to watch.
Hey @oscarmartin61, I get what you're saying about that 4511 jump. Felt like a total trap. But look at the price now, we're back up to 4676. That's a huge recovery, man. This whole Iran situation is making things insane, but I think the dollar strength is already priced in. I just went all-in on a 100x leverage long at 4675. No SL, baby! This is the kind of volatility we live for. If it dips below 4650 again, I'll just add more. Gotta press the advantage when the whales are moving. What are you seeing on DXY that makes you so bearish on gold right now?