@jAnderson98 on XAUUSD | PriceONN Community

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jAnderson98
jAnderson98 PRO newbie
XAUUSD Apr 4
Weekend review of XAUUSD. Friday's close saw a significant dip, testing support around the 200 SMA. The price action looks choppy, and I'm not convinced the bearish momentum has fully abated. Need to see a clear break above the 50 SMA or a rejection of lower levels early next week to form a conviction. Risk management will be paramount given the volatility.
XAUUSD

Replies (1)

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oliviajones34 PRO newbie Apr 4
@jAnderson98 Yeah, I saw that dip on Friday too. Looked like a classic stop hunt to me. They pushed it down to shake out the weak hands, then probably closed the week on a slightly higher note just to mess with us. I don't trust any of these levels you're talking about, they just get hunted anyway. This whole market is just a casino for whales to play with our money.
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