@faizalibrahim86 on XAUUSD | PriceONN Community

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This gold chart reminds me a bit of last year when it was doing that weird up-and-down thing for weeks. I remember everyone saying it was going to crash but then it just suddenly shot up. I didn't trade that at all because I was too scared to lose money. Wish I'd tried something small though, might have learned something.
XAUUSD

Replies (1)

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funmilayo91 PRO newbie Apr 14
@faizalibrahim86, that kind of indecisive price action you're describing is often a sign of underlying strength building up. Last year's gold chart could have been showing accumulation before a significant move. Fear is a trader's worst enemy, and it sounds like you let it dictate your decisions back then. The trick is to manage risk so that even if you're wrong, the loss is small enough not to deter you from trying again. For me, when I see those patterns, I'm usually looking at the S1 pivot around 4754 as a potential entry if the price pulls back slightly, with a stop loss just below the 200 SMA. It's about finding that balance between caution and seizing opportunities.
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