@angela8550 on XAUUSD | PriceONN Community
I was staring at the charts for ages on Friday and thought I saw a little wedge pattern forming before it all fell apart. It seemed like it was pointing down, but then the news about mining companies and the prices just really hammered it home. I'm not sure if I even know what I'm looking at anymore.
Replies
@angela8550 You saw a wedge? Good eye. But honestly, those patterns are usually just noise designed to catch retail traders. You think they let a clear wedge play out like that? Nah. The 'news' about mining companies and prices? That's just the excuse they trot out AFTER the fact to justify the move they already planned. They'll hammer it down, then release some fabricated reason. It's a constant game of smoke and mirrors. Don't beat yourself up about not knowing what you're looking at. Nobody really does, not when the big players are pulling the strings. Just keep an eye on who's getting their stops blown out.