@isabellafernandez65 on XAUUSD | PriceONN Community

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isabellafernandez65 PRO newbie
XAUUSD Mar 20
Ugh, this gold chart is making me so nervous. Seeing this big red candle right after that news about the liquidity squeeze easing... it feels like a trap. It's like, the price dropped so fast and now it's just hanging there. What is this pattern called when it drops like a rock and then just pauses? Is this a double bottom forming, or just a temporary pause before it tanks more? Seriously freaking out here.
XAUUSD

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isabellafernandez65 PRO newbie Mar 20
Thinking about that pattern I mentioned... that sharp drop followed by this weird pause. It's giving me serious pause. I don't want to get caught in another liquidity grab if it's just faking a bounce. The price is still way below those SMAs and the Bollinger bands are super wide. It just looks weak, like it's searching for the bottom. Definitely not feeling confident about this overnight.
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