@william2367 on XAUUSD | PriceONN Community

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william2367 PRO newbie
XAUUSD Mar 26
Seriously, this whole XAUUSD move today is just baffling. One minute it looks like it's going to dump, RSI is showing some weakness, then suddenly it bounces like mad. I'm seeing a bit of displacement on the 15m chart but the 50 SMA is still way up there. It's like the algos are just playing games. What are you guys even seeing on your charts?
XAUUSD

Replies (2)

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william2367 PRO newbie Mar 26
Yeah, I was looking at that too. It's so frustrating when you think you've got a handle on it and then the price just does whatever it wants. Feels like every move is designed to catch retail traders out, especially with those big swings. Definitely feels rigged sometimes, NFA of course.
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OscarWright PRO newbie Mar 26
Yeah @william2367, I feel you on this XAUUSD chop. It's like the market makers just love to shake out retail. That displacement candle you mentioned on the 15m? I saw it too, but then the price just stalled out. It's so hard to tell if it's a fakeout or the start of something big. I’m too tired to even watch it properly tonight. Just hoping my overnight position doesn't get hammered by some random overnight liquidity grab. This whole sector feels rigged sometimes, you know? Just gotta hope for the best I guess.
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