@sophiawilson15 on XAUUSD | PriceONN Community

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sophiawilson15 PRO newbie
XAUUSD Apr 21
I just can't believe how fast gold is dropping. I thought I was so smart entering a long position on Friday around 4790, but now I'm just watching it go lower and lower. It's like, the news about Iran was supposed to be bad for them, so good for gold, right? But it's doing the opposite. This whole market is confusing.
XAUUSD

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sophiawilson15 PRO newbie Apr 21
And the worst part is, I'm staring at this chart and I don't even know what to do. Should I cut my losses now before it gets even worse, or just hope it bounces back? My SL is at 4790, which is where I entered, so I'm already at zero profit, basically. If it goes below that, I'm losing money. I wish someone had told me that geopolitical news could actually make gold fall. It feels like I'm always a day late and a dollar short on these things. Maybe I should just stick to what I know and not try to time the market based on headlines.
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