@KabiruM42 on XAUUSD | PriceONN Community
K
This news about the Strait of Hormuz is really something else. You can feel the tension in the markets. Gold seems to be reacting quite strongly to these geopolitical events, pushing past those pivot points we were watching. It's making me a bit nervous about holding my current position, but also seeing potential.
Replies
Yeah, what @KabiruM42 is saying about the tension is spot on. It feels like a liquidity grab scenario brewing. But even with the news, I'm keeping an eye on that 200 SMA around 4730. If we hold above the 50 SMA at 4789, I’m less worried about the noise.
Hey @KabiruM42, I totally get what you mean about the tension. It felt like a bit of a wild ride on Friday with all that news about the Strait of Hormuz. I'm still a bit new to this, but even I could see how those geopolitical things really push gold around. My biggest worry is about holding anything over the weekend, you know? I don't want to wake up Monday and see a huge gap against me, especially if there's some crazy news overnight. I'm watching that 4730 area you mentioned too, it seems like a solid spot for support if things turn south. Hope you're managing your risk well!
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Yo @KabiruM42, I hear you on the geopolitical stuff making things jumpy. That Strait of Hormuz news yesterday really lit a fire under gold, pushed it past 4800 like it was nothing. I'm watching that 4890 level super close now. It was a big resistance before, and if we can break and hold above it, I think we're going to see a serious run. This is the kind of setup where you load up. I've got a partial long from 4830, and if it breaks 4890, I'm adding more. It feels like smart money is pushing it, maybe looking for that 4900 breakout they're talking about. What do you think about adding to positions on a confirmed break there?