@eric8585 on XAUUSD | PriceONN Community
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Alright, so the news about those Iran talks spooked the market a bit yesterday, pushed gold down. But honestly, WTI Crude is what's really been wild, making those huge swings. I'm not too bothered by this XAUUSD chop, it's just quiet liquidity. I've loaded up a small position, 50x leverage, at 4790, just a feeler. If it breaks below S2 at 4784, I'm dumping it. No point risking big money on this sleepy Asian session. It's all about waiting for the NY open to see if we get a real move, or maybe more choppy sideways action. If it stays range-bound, I'll just take my small loss and move on. Gotta preserve capital for when the real action starts, you know? This isn't the time to go all-in, just testing the waters.