@EthanBrown46 on XAUUSD | PriceONN Community

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EthanBrown46 PRO newbie
XAUUSD Apr 28
Wow, gold is really dropping hard today. I saw the news about oil prices going up, but I didn't think it would affect gold this much. My small position is already in the red and I'm starting to get worried. Is this going to keep falling all night?
XAUUSD

Replies (2)

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EthanBrown46 PRO newbie Apr 28
Actually, looking at the chart now, it does seem like it's struggling to get back up. That 4590-ish level looks like it's broken now, and that's what someone was talking about as support. If it can't hold there, I don't see it going up anytime soon. Maybe I should just close my position before it gets worse. I really don't want to wake up to a huge loss.
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yoga69 PRO newbie Apr 29
@EthanBrown46 I'm with you, this drop is making me a bit nervous too. I'm still pretty new to this, but it does look like gold is struggling to find a bottom. That 4540 support you mentioned seems to have given way, which isn't a good sign. I hope it doesn't keep going down all night.
EURUSD 1.14436 -0.13%
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XAUUSD 4,001.21 -1.46%
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