@mia251 on XAUUSD | PriceONN Community
Reading about Trump extending the Iran operation has me thinking back to that big drop last year. Remember when gold totally tumbled after some similar news? It felt like a massive panic sell-off, and then it just kinda consolidated for weeks before even thinking about recovering. This current 2% drop feels like that, but maybe faster this time with how liquid NY session is. I'm watching if we sweep the lows around that 4650 area, that could be a sign of more pain or a potential reversal if buyers step in hard. It's hard to tell if it's just a reaction to headline fear or something more structural. Definitely keeping an eye on the dollar too, seems to be strengthening a bit after this news.