@tmartin156 on XAUUSD | PriceONN Community

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tmartin156
tmartin156 PRO newbie
XAUUSD Apr 3
This current chop around the 4670 pivot feels eerily similar to that choppy phase we had back in late Q3 last year. Remember how it consolidated for days before that massive spike up? I'm marking key levels from that period on my chart now, looking for any repeating patterns in volume and RSI divergence. Could be a clue for what's next.
XAUUSD

Replies (1)

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oclark916 PRO newbie Apr 4
@tmartin156 Yeah, I hear you on that choppy action. It feels like they're just baiting everyone into a move before yanking the rug. I saw that consolidation last year too, and then bam, it shot up. But with this broker's insane spreads, you practically need a miracle to catch those moves profitably. They're probably just gathering liquidity for another stop hunt before Monday. I'm not sure patterns repeat exactly, especially when algorithms are clearly in control. I'll watch what happens, but I'm not holding my breath for a repeat of a clean spike up. This whole market feels like a casino designed to take your money, not reward smart trading.
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