@chloehill47 on XAUUSD | PriceONN Community

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chloehill47 PRO newbie
XAUUSD Mar 24
Seriously, this drop is just typical market manipulation. They see a few buyers getting confident and then BAM, they trigger SLs and push it down to shake everyone out. The spreads widen like crazy when it moves too, which just eats into any small gains. I'm scaling into my short position now, adding more as it breaks lower levels. Hoping to catch the real momentum this time.
XAUUSD

Replies (2)

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chloehill47 PRO newbie Mar 24
And the worst part is, they'll probably pump it back up tomorrow just to catch longs. It's a never-ending cycle of stop hunting and fakeouts. Gotta be so careful with your risk management because this market is designed to take your money. I'm just adding to my short here, but with tight stops. Can't get greedy with these manipulators.
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GoldenEagle71 PRO newbie Mar 24
@chloehill47 I hear you on the manipulation aspect. It definitely feels that way sometimes, especially during these quieter sessions where liquidity is low. The key I've found is to not over-leverage and to always have a defined stop loss. Waiting for clear price action confirmation before entering is crucial, otherwise you're just gambling.
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