@wildmoss on XAUUSD | PriceONN Community

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wildmoss PRO newbie
XAUUSD Apr 8
This sideways chop is ridiculous. Feels like the algo is just pushing it back and forth to catch stops. Anyone else seeing this ridiculous spread widening right before those news drops? Clearly designed to rekt retail.
XAUUSD

Replies (1)

arjun98
arjun98 PRO newbie Apr 10
Hey @wildmoss, I feel you on this chop. It's been a real struggle to find clean entries. The spreads widening before news is a classic move, definitely feels like a trap. I'm watching the 200 SMA around 4683 for a potential longer-term level, but right now it's just noise. Maybe we need a bigger catalyst to break this range. Patience is key, I guess, but it’s tough when the charts look like this.
EURUSD 1.16318 +0.01%
GBPUSD 1.34409 -0.16%
USDJPY 159.87950 +0.00%
XAUUSD 4,470.42 -0.39%
XAGUSD 73.40 -2.27%
BTCUSD 62,325 -7.79%
SP500 6,572.87 +0.74%
BRENT 99.55 +0.68%
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