@msibiya366 on XAUUSD | PriceONN Community
Gold's been on a tear lately, but I'm not convinced it's sustainable. Seems like a lot of FOMO driving the price right now. I'm expecting a pullback soon, maybe down to 3850-3860 area. Gotta be careful out here, don't get caught bagholding!
Replies
I'm skeptical of that FOMO narrative, @msibiya366. While a pullback is always possible, the underlying fundamentals still favor gold in the long term. I'm not expecting a drop that low, tbh.
@msibiya366 I agree, the FOMO is real! I'm also expecting a pullback on gold soon. Maybe not quite as low as 3850, but definitely some downward correction is due. Let's see!