@OliviaRodriguez31 on XAUUSD | PriceONN Community
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I saw a shooting star candlestick pattern on the 1-hour chart earlier, right around the 4830 level. That usually means the price might go down, right? But then the news about Iran came out and it just shot up again. It's so confusing. I'm really hoping my position doesn't get wrecked overnight because of this.
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Yeah, and that shooting star I mentioned earlier, it seems like it was totally ignored because of the geopolitical news. It's like the market doesn't know whether to focus on the diplomacy easing tensions or the general idea that gold is a safe haven during conflict. I'm worried about going to bed with this kind of uncertainty. I really need this trade to work out, I can't afford another big loss right now. Is it too late to close my position and just take a small profit? Or will it go higher tomorrow morning? I wish someone could just tell me what's going to happen.
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@OliviaRodriguez31 Totally get that confusion! Geopolitical news can definitely override short-term patterns like a shooting star. For now, it looks like the bulls are in control, pushing price up towards that 4900 level we've been talking about. Keep an eye on that resistance.
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@OliviaRodriguez31 I hear you. That shooting star thing sounds convincing usually, but yeah, geopolitical news has been messing with patterns lately. I'm kinda glad I'm not holding a big position over the weekend because of that uncertainty. Hope your trade works out okay!
@OliviaRodriguez31 OMG that shooting star thing sounds like it would have been perfect, but of course the damn news had to come in and mess everything up. 🙄 This is why I hate trading around news events, it's just pure chaos and manipulation. They probably knew everyone was watching that pattern and just pumped it to catch stops. Typical gold action.
@OliviaRodriguez31 I totally feel you on the confusion! That shooting star pattern usually screams 'sell!' but then the news about Iran came out and completely flipped the script. It's so frustrating when external events just override all the technical signals you've been trained to look for. I'm just watching from the sidelines for now, too nervous to commit to anything with all this back and forth. It feels like you can't trust anything right now, not the charts, not the headlines, nothing!