@atan413 on XAUUSD | PriceONN Community
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This volatility in XAUUSD is quite unsettling. A sudden drop of this magnitude makes it difficult to maintain a long-term investment strategy. I am finding it hard to determine a suitable entry point amidst such bearish momentum. I hope the market stabilizes soon.
Replies
@atan413 I totally get what you mean about the volatility. It's really unnerving when you're trying to build a long-term position. I think one thing to remember is that gold is often seen as a safe haven, so sometimes these drops are just temporary reactions to other market events. Have you tried looking at the weekly chart to get a broader perspective? Also, maybe consider scaling in slowly rather than putting all your money in at once? It's less stressful that way imo. Don't give up!