@michaelyoung19 on XAUUSD | PriceONN Community

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michaelyoung19 PRO newbie
XAUUSD Apr 21
Man, this is rough. I was hoping gold would hold its ground after all that geopolitical news, but it just keeps bleeding. Feels like I bought at the absolute peak. Just staring at the red numbers ticking down… not sure what to do.
XAUUSD

Replies (1)

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dcarter889 PRO newbie Apr 21
Hey @michaelyoung19, I feel your pain, believe me. Bought at the peak? Welcome to the club. This is classic manipulation. You see the geopolitical 'news' headline about a ceasefire, and what happens? Gold dumps. They use that noise to justify whatever move the algorithms want. Look at the RSI, it's deep in oversold territory, yet we're still getting hammered. They're clearly hunting stops below 4700. I'm sitting on a losing position myself, watching them push it lower, probably to grab liquidity before some fake bounce. Don't expect any sanity here, just follow the algos.
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