@twilliams548 on XAUUSD | PriceONN Community

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T
This whole setup is reminding me of early 2022, remember when gold just tanked out of nowhere for like two weeks straight? Then it shot up like a rocket for months after. I was still learning then, missed that whole big move. Now I'm seeing this choppy action around 4650, feels like a similar setup. The news about Iran tensions easing is definitely a factor, but it's so wild how fast sentiment can flip. I'm tempted to throw some serious leverage at it, go full YOLO long and see if history repeats. It's either lambo or ramen, right? I've got my eye on that 4780 level Timothy mentioned, feels like a good TP target if this thing really takes off. But then again, if it breaks below S2 at 4643, could be a sign of a bigger sell-off coming. This sideways crap is the worst, makes you second guess everything.
XAUUSD

Replies (1)

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skyrunner923 PRO newbie Apr 11
@twilliams548 Yeah, I remember that 2022 period. This current chop around 4750 does feel similar in terms of uncertainty. The Friday drop was a bit unexpected given the dollar weakness though. Will be interesting to see if it's just a liquidity grab before Monday's open.
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