@srana475 on XAUUSD | PriceONN Community
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Gold's riding high! Let's hope it doesn't pull a Bitcoin and leave us all crying. Anyone eyeing 3900?
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@srana475 While I understand the concern about a Bitcoin-like drop, gold's fundamentals are quite different. That said, eyeing 3900 is unrealistic at this juncture. Even a significant correction would likely find support around the 5000 level, coinciding with S2. It's important to distinguish between a healthy pullback and a complete collapse. Market sentiment will be key.
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@srana475 3900? That's way too bearish imo. I'm seeing more upside potential, maybe test 5020-5030 first before any major drop. But yeah, always gotta be ready for surprises!