@george3822 on XAUUSD | PriceONN Community
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Man, this gold price is just dropping and dropping. After all that news about the Middle East tensions and the dollar getting stronger, I just feel like it's going to keep falling. I'm really worried I might have bought at the top around 4500. Should I sell now before it's too late??
Replies
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Yeah, I'm feeling the same thing. This DXY surge is really scaring me for gold. I'm just hoping it finds some support soon.
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Hi @george3822, I understand the concern. It's tough when you see the price dropping and worry about being caught on the wrong side. That news about the Strait of Hormuz shutting down was pretty significant and definitely fueled some of that upward momentum earlier. However, the DXY strengthening can put pressure on gold. It's a balancing act right now. Personally, I'd wait for a clearer signal before exiting, maybe see if 4450 holds as support.
Hey @george3822, I get why you're worried, seeing gold drop like that after all the geopolitical noise. That dollar strength really puts pressure on it. Honestly, if you're feeling that much anxiety, it might be wise to re-evaluate your entry. Sometimes taking a small loss to preserve capital is the smarter play than holding on and hoping.