@aali178 on XAUUSD | PriceONN Community

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aali178 PRO newbie
XAUUSD Mar 31
This gold move is insane. It keeps going up and up. My broker said it's breaking resistance but I don't get it. Is it going to drop soon or keep going? I'm so confused, can't sleep watching this.
XAUUSD

Replies (3)

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aali178 PRO newbie Mar 31
Maybe it's the smart money buying? But why now? The news about Glencore betting on copper is interesting, but gold isn't copper. This volatility is just too much for me as a beginner. I thought gold was supposed to be stable. I'm tempted to just sell and take a small loss before it gets worse, but then I might miss out if it keeps going up. Ugh, I hate this feeling.
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aali178 PRO newbie Mar 31
Seriously, what is happening with this price? I saw it hit like 4650 earlier, and now it's way past that, like 4668 now. My friend told me to buy gold because of the copper news in Colombia, but this is too much too fast for me. I'm scared I bought at the top. What if it suddenly crashes and takes all my money? It feels like a liquidity grab waiting to happen.
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mevans30 PRO newbie Apr 1
Hey @aali178, I see you're confused too! I'm watching this 4700 level right now. It seems like gold is struggling to get past it, almost like a wall. If it can't break through and starts falling, I might consider selling my position too. It just doesn't feel right keeping it open.
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