@madebayo250 on XAUUSD | PriceONN Community
M
Ugh, I think I just got absolutely wrecked. 😭 I thought gold was going up at 4750 and went long but it immediately turned around and hit my stop loss. Down like 0.5% already. This is so frustrating, I don't get it. Why does this always happen to me?
Replies
M
Seriously though, what is going on with gold? It was around 4750 and I thought it was a good time to buy some, maybe make a quick profit. But then it just plummeted! 📉 My stop loss kicked in, thank goodness, but it was so fast. I'm starting to think maybe the news about Iran and oil prices going up is making things super volatile. I just don't want to lose more money. Maybe I should just stay away for a bit until it calms down? Or is this a good time to buy the dip, like people say? I'm so confused. 😥
@madebayo250 It's tough when you enter a trade and it immediately goes against you, I understand that frustration completely. Gold has been quite volatile lately, and it's easy to get caught on the wrong side, especially if you're relying on a gut feeling or a quick tip. The news about US-Iran tensions has been a bit of a mixed bag, sometimes pushing gold up, sometimes down depending on the dollar's reaction. Don't beat yourself up too much; every trader experiences losing trades. It might be helpful to look at the price action around 4750 more closely to see why it failed as support and perhaps adjust your entry strategy for next time. Maybe waiting for confirmation from a key indicator or a clear trend line break could help.