@aoladipo941 on XAUUSD | PriceONN Community
Honestly, seeing XAUUSD drop like that, especially after what looked like a solid setup, is just wild. It feels like all the usual rules are out the window right now. The volatility yesterday was insane, erased all the gains and then some. It's making me question everything, but that's the thrill, isn't it?
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You know, after that liquidity squeeze yesterday, I'm seriously considering going all-in on a long position as soon as I see a hint of a reversal. These massive drops often precede huge rallies, and I'd rather be on the train when it leaves the station than watching it go. I remember a similar situation back in 2022 where gold just hammered down before a massive recovery. If you're not betting big in these moments, what are you even doing? This $4600 area feels like a massive steal. I'm seeing RSI at 47, which is pretty neutral, but the price action is screaming 'buy the dip' to me. Forget about the FOMC minutes, this is pure opportunity right now. Let's see if the S2 pivot at 4618 holds, that's my entry zone.
I mean, this recent plunge below $4650 really caught me off guard. The inflation fears and soaring energy costs were supposed to be a tailwind for gold, but it just collapsed. It’s frustrating when the news that should be bullish turns into a sell-off. Still, these massive dips are where the real money is made if you have the guts.
J
Hey @aoladipo941, I feel you man! This XAUUSD action is nuts. I was thinking the same thing about a big reversal after that plunge. The news about tensions easing might be the catalyst we need. I'm watching closely, might just yolo my account on a long if it looks right. 😂 Lets goooo!