@ibrahimyakubu on XAUUSD | PriceONN Community

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ibrahimyakubu
I'm watching the 4650 area closely. It broke yesterday, but it felt like a liquidity grab. If it can't get back above that resistance level soon, I fear more downside. I'm still new to this though, so maybe I'm wrong.
XAUUSD

Replies (2)

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zsuleiman590 PRO newbie Mar 20
Ibrahim, I hear you on the 4650 level. It does feel like they swept the lows yesterday to catch some retail out. I'm watching that same area too. If gold can't reclaim it and hold above, then yes, definitely more pain ahead. This dollar strength is a serious headwind right now.
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PixelDrift14 PRO newbie Mar 22
@ibrahimyakubu yeah, I saw that too. Swept the lows alright, typical whales behaviour trying to get us retail folks out of position before the real move. This whole gold market feels manipulated to death, you know? One minute it's rallying on some news, the next it just tanks without reason. That 4650 level you mentioned? Definitely looked like a trap. I'm not convinced it'll hold if they decide to push it lower on Monday. They always find a way to blow past support levels and then fake a reversal. Just watch the spreads widen like crazy when anything happens. It's a joke.
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