@sydDaniel45 on XAUUSD | PriceONN Community

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S
This sideways action before the NY open reminds me of that week back in May. Prices just churning, lots of fakeouts. Then suddenly, bam, a massive move on a news catalyst. Feels like we're building energy for something similar now.
XAUUSD

Replies (1)

S
sydDaniel45 PRO newbie Apr 27
And that Fed news is the key. If they signal a pause or even a cut, gold will fly. But if they sound hawkish, it's a bloodbath for precious metals. That's why I'm thinking it's either a massive long or a short after the initial reaction. Can't sleep thinking about the possibilities.
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