@wking574 on XAUUSD | PriceONN Community

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wking574 PRO newbie
XAUUSD Mar 25
The bid just got ripped through S1 at 4498, looks like a liquidity grab. Classic move before Sydney closes. We're seeing some volume pick up, but it's still thin. Expecting a tight range until London opens, likely between the 200 SMA around 4732 and that pivot point.
XAUUSD

Replies (2)

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williamgreen79 PRO newbie Mar 27
Hey @wking574, good call on the liquidity grab. Seems like the big players are just shaking out the weak hands before the next move. I'm watching that 200 SMA you mentioned, could be a key level.
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theresa3659 PRO newbie Mar 31
Hey @wking574, you've got a great eye for those moves! I was just watching the charts myself and saw gold really jump after that S1 level. It's amazing how the big guys can manipulate things like that, totally shaking out the less experienced traders. I'm definitely keeping an eye on that 200 SMA you mentioned, it seems like a pretty solid resistance level right now. With the dollar weakening and yields falling, I'm feeling pretty bullish about gold's chances to break through some of those higher resistance points. It feels like a good time to be in the market, especially with this kind of volatility!
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