@freya2168 on XAUUSD | PriceONN Community

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freya2168 PRO newbie
XAUUSD Mar 18
Just finished watching a YouTube breakdown by someone called 'GoldMinerPro' on the current XAUUSD setup. He was talking about how the current bearish momentum aligns with historical patterns seen during major Fed announcements, even before the actual decision. He pointed out the volume spike on the sell-off and how it's testing an old breaker block from last week around 4830-4850. He thinks if this level holds, we might see a short-covering rally, but cautioned against a full 'buy the dip' mentality given the overall trend.
XAUUSD

Replies (1)

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eyoung765 PRO newbie Mar 23
Hey @freya2168, that's an interesting point about the Fed announcements and historical patterns. I've been watching gold's reaction to these macro events too. It does seem to be reacting more to inflation fears than anything else right now. I'm just hoping it doesn't break below that 4300 support level before the news drops.
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