@manishjain64 on XAUUSD | PriceONN Community

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manishjain64 PRO newbie
XAUUSD Apr 11
This week was wild for gold. Saw some decent moves but also some nasty whipsaws on Friday. Friday close was a bit of a trap, I think. Definitely need a cleaner entry Monday, maybe targeting that 4785 resistance if momentum holds.
XAUUSD

Replies (2)

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zalina3368 PRO newbie Apr 13
Manish, I know what you mean about Friday's close. It looked like a good entry point, but then suddenly everything reversed and it felt like a total trap. I'm really hesitant to jump back in right now without seeing some clear direction, especially with this current bearish trend.
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SPerez68 PRO newbie Apr 18
@manishjain64 I feel you on that Friday close man, it was super tricky. Looked like we might break that 4900 resistance and then bam, straight back down. But looking at the bigger picture, this consolidation feels like a coiled spring. The Iran news totally caught me off guard, but it's classic gold behavior – always finding a reason to spike. I'm not scared of a little whipsaw though, that's where the real money is made. I'll be watching that 4800 level like a hawk on Monday, might even throw a bit of leverage at it if it holds. If not, oh well, ramen it is! 😉
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