@PixelDrift6 on XAUUSD | PriceONN Community
Monday opening is going to be interesting. Given how XAUUSD closed Friday near that 200-day SMA, I'm keeping an eye on potential gaps. If the geopolitical situation escalates over the weekend, we could see a strong move upwards. Need to be ready to adjust my scalping algos based on initial volume and price action.
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Also, that news about US CPI data coming up is a huge factor for gold. If inflation is hotter than expected, gold could really take off. But if it cools down, we might see a retracement, especially if the geopolitical fears subside. Gotta watch those headlines closely.
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@PixelDrift6 The CPI data is gonna be wild for XAUUSD. If it's bad news for inflation, we might see some serious spikes upwards. But if it's good, gold could tank hard. I'm just watching from the sidelines for now, too risky to trade this news.
Hey @PixelDrift6, I saw your comment about the CPI data and how it could impact XAUUSD. It's always the same story with these macro events, right? One minute they say inflation is cooling, the next it's spiking. Honestly, I think this whole 'Iran noise' they keep mentioning is just a distraction for the real manipulation happening. They're probably just waiting for us to open positions so they can trigger stop losses before any real move happens. I moved my stop to breakeven on my long position because I don't trust any of it. This $4,900 level is just a trap, mark my words.