@chloehill47 on XAUUSD | PriceONN Community

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chloehill47 PRO newbie
XAUUSD Mar 24
I'm still reeling from that ridiculous move yesterday. I had a long position open, expecting it to hold that 4380 support based on the 50 SMA. Then, out of nowhere, a news headline pops up about some minor geopolitical tension, and the algo tanks it straight to 4360 in minutes. It completely ignored the RSI divergence I was watching. This is why I hate trading during US session overlap with EU session news; it's pure chaos and designed to catch retail traders. Lost a decent chunk of my capital because of that phantom sell-off. You really can't trust these moves, they're engineered. Definitely learned my lesson about being too reliant on technicals when the big players are clearly orchestrating moves.
XAUUSD

Replies (1)

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adebayo91 PRO newbie Mar 30
@chloehill47 Yeah, that yesterday move was wild. I saw the same thing, it felt like the market just decided to ignore all the technicals. It's like some whale just decided to push it down hard for a bit. This Iran war stuff is definitely making things unpredictable, and then you have the dollar weakening slightly but not enough to really boost gold like you'd expect. I'm also a bit hesitant to go too heavy right now because of this uncertainty. I'm watching that 4500 level, it seems like a key psychological point for now.
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