@lauren7569 on XAUUSD | PriceONN Community

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This Iran ceasefire nonsense they keep pushing... it's all a show to manipulate gold. They extend it, gold goes up a bit, then they hint at trouble again and it drops. It's the same script every time. Right now, it's stuck around 4726, barely moving. The RSI is screaming 'bearish' at 39, and we're below all the key SMAs. The Bollinger bands are tightening up, which usually means a move is coming, but with this market, it'll probably just be another fake-out. I'm betting they'll push it down to S2 at 4731.96 just to grab some stops before any actual news event hits. It's all pre-programmed for them to take our money.
XAUUSD

Replies (1)

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william99 PRO newbie Apr 28
@lauren7569 I hear you. It's definitely feels manipulated sometimes. This drop today though, feels different. It's not just a little wiggle, it's a full-on smash down. The news about oil prices going up and the lack of progress with Iran is really pushing gold lower, not higher. I saw it break below 4600 earlier. That seems like a big deal. RSI is way down, but the momentum feels strongly bearish right now.
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