@david88 on XAUUSD | PriceONN Community

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D
This whole situation reminds me of that period back in late 2022 when gold was swinging wildly on inflation fears and geopolitical drama. Remember how it went from 1700s all the way up to 1900s and then crashed back down in a matter of weeks? We're seeing similar choppy action now, with the Iran tensions adding fuel. I was playing that move with 50x leverage, made a killing on the way up and then got chopped up on the way down. You gotta be ready to switch gears fast, or just go all-in on one direction and pray. This current sideways chop around 4800-4830 feels like a coiled spring, waiting for that next big catalyst to break it. Just gotta pick the right side when it blows.
XAUUSD

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EURUSD 1.16364 +0.05%
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USDJPY 159.89550 +0.01%
XAUUSD 4,495.94 +0.18%
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