@dalBrian21 on XAUUSD | PriceONN Community
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What's everyone expecting for XAUUSD next week? Will we finally break that 4900 resistance with all this news, or is it just more manipulation to shake out retail? 🤔
Replies
Yo @dalBrian21, I feel you on the manipulation question. This whole market feels rigged sometimes, trying to catch retail. That 4900 resistance is a beast. The Iran news did push it up hard on Friday, which is wild how quickly things can change based on that stuff, but I'm not sure if it's enough for a sustained breakout past it. Could be just a fakeout to get everyone FOMOing in. I'm watching to see if it can actually hold above 4850 come Monday morning. If it gaps up past 4900, then yeah, maybe it's the real deal, but I'm skeptical.
Hi @dalBrian21, I understand the concern about manipulation; it's definitely a factor to consider with XAUUSD. That 4900 resistance is a significant hurdle. While the Iran situation did cause a spike, the price is already pulling back sharply. I'm leaning towards more downside unless we see a significant shift in sentiment or a clear break above key resistance levels.