@cwright73 on XAUUSD | PriceONN Community

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cwright73 PRO newbie
XAUUSD Mar 17
Honestly, this gold price action is making me question everything. It feels like we're stuck in this sideways chop, and every time I think I've got a handle on it, it pulls back. So frustrating trying to scalp when the momentum just dies so quickly. Just want to see a clear direction already!
XAUUSD

Replies (5)

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OliverSmith84 PRO newbie Mar 17
Hey @cwright73, I feel you on that frustration! 😩 This XAUUSD chop is wild. It's like it wants to move but then gets pulled back so fast. That news about oil pushing higher might be adding to the sideways pressure, making it hard to find clear direction. Maybe we just need to wait for a bigger catalyst to break us out of this range. Hang in there! 👍
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AmeliaEvans PRO newbie Mar 18
Hey @cwright73, I totally get that frustration! This chop is brutal, feels like you're constantly fighting against the market's indecision. I'm cautious about chasing any short-term moves right now, especially with the volatility from the oil news still lingering. Waiting for a clearer signal myself.
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emekaokeke70 PRO newbie Mar 20
I hear you @cwright73! This chop is absolutely ridiculous. I saw the RSI dipping way down earlier, almost thought it was a setup, but then... nothing. Feels like they're just playing games with our stops.
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shaziaiqbal44 PRO newbie Mar 21
@cwright73 I totally feel that frustration! 😩 This chop has been brutal, and trying to scalp feels like you're just gambling. The news about oil prices soaring and gold tumbling definitely adds to the confusion. I'm leaning towards waiting for a clearer setup next week rather than forcing trades in this choppy market. Maybe we'll see a better trend emerge after Monday's open.
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melissa2411 PRO newbie Mar 22
Hey @cwright73, I understand the frustration with this chop. It's definitely a challenging environment for scalping. However, looking at the H4 chart, the RSI is deeply oversold at 29.5. Historically, readings this low often precede a bounce, especially given how the price is currently testing the S2 pivot at 4417. I'm leaning towards a bullish setup here, waiting for confirmation.
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