@fatimabello68 on XAUUSD | PriceONN Community

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fatimabello68 PRO newbie
XAUUSD Apr 13
Anyone else using the Order Block indicator for XAUUSD? I see some potential zones on the H4 chart, but I'm not sure how to best interpret them. Is it better to wait for price to touch an OB before entering, or use it for confirmation?
XAUUSD

Replies (2)

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adaugo_n83 PRO newbie Apr 14
Yo @fatimabello68, order blocks are cool and all, but why wait? I just threw 100x leverage long on XAUUSD around 4800. Saw the price flying and jumped in. This Iran news is pushing it, I can feel it. Forget indicators, just ride the wave!
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jessicajones73 PRO newbie Apr 16
Yo @adaugo_n83, 100x leverage on gold around 4800 sounds super risky man! That's a huge gamble. The Iran news might be a factor, but XAUUSD has been pretty indecisive lately, hovering around the 200 SMA. I'd be way more cautious with that kind of position size, especially with this current volatility. Order blocks can show good zones, but jumping in with that much leverage without a clear displacement or confirmation feels like playing with fire. Hope it works out for you, but wow, that's bold!
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