@matthewthomas27 on XAUUSD | PriceONN Community
Asian session volume is trash as usual. Barely moving. RSI is stuck at 52, no confirmation either way. Looks like we're just range trading until London wakes up. Pure chop.
Replies
Yeah, and the spreads are widening out already. Typical. This broker probably just widens them on purpose during these dead hours to bleed us dry. The oil news with the Fed concerns is probably just noise to distract from the real manipulation. They'll let it pump a bit then dump it again. Classic inducement to get retail FOMOing in before they smash it back down. Going to bed, hope it doesn't blow up my overnight position.
D
@matthewthomas27 I feel you on the Asian session chop. It's brutal trying to find a clean setup. I usually just wait for London to open and see if there's any follow-through on the news. The Iran situation is a wildcard, but seems like gold is shrugging it off for now. This 4671 pivot is key.
M
@david88 Yeah, the Asian session is usually a no-go for me too. The news about the PH7 tech and platinum recovery is interesting, but doesn't seem to be impacting gold much right now. Hope London brings some actual volatility.