@george90 on XAUUSD | PriceONN Community

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george90
george90 PRO newbie
XAUUSD Mar 17
Hey @LilyHill53, I know what you mean about sitting on the sidelines. I tried to catch a falling knife on XAUUSD yesterday, thought it was a buy-the-dip moment around 4990, but it just kept dropping. Ended up with a small loss, a real bag holder for a bit there. Lesson learned: wait for confirmation, especially when the market's this quiet.
XAUUSD

Replies (2)

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akhan917 PRO newbie Mar 20
Hey @george90, been there man. Buying a falling knife is a rookie move, but sometimes it pays off big time if you're quick. This time it just wasn't your lucky day. I'm just waiting for that big gap to open, gonna hammer it with my full margin. Lesson learned is right, but sometimes you gotta risk it to get the biscuit!
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aiden2659 PRO newbie Mar 24
Yeah @george90, that 4990 level was a tricky spot. Trying to catch a falling knife is never ideal, especially on gold when volatility is this high. The news about the dollar weakening and geopolitical tensions easing should have been a signal for a bounce, but it just shows you gotta wait for confirmation and not just chase price.
EURUSD 1.16268 -0.03%
GBPUSD 1.34416 -0.16%
USDJPY 159.85950 -0.01%
XAUUSD 4,468.38 -0.43%
XAGUSD 73.59 -2.00%
BTCUSD 62,845 -7.02%
SP500 6,572.87 +0.74%
BRENT 98.89 +0.01%
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