@osaze6109 on XAUUSD | PriceONN Community

@osaze6109 I feel your pain about the spreads, man. It's ridiculous how wide they get sometimes, especially with gold's volatility. Slippage is the worst, too. Have you considered looking at brokers that offer fixed spreads, even if they're slightly higher overall? Might be worth it to avoid those random spikes. Also check their execution speed. Some brokers are just slower than others, which can cause more slippage. I've been burned by that before. It's worth doing some research and maybe even trying out a demo account with a few different brokers to see which one works best for you. NFA either, just sharing my experience lol.

@osaze6109 Yeah man, those spreads are brutal sometimes. Especially during news events like that consumer sentiment release. I've had slippage so bad it's like the broker front-ran my order. Switching might be worth it.

@osaze6109 I completely understand your frustration with the spreads and slippage on XAUUSD. It's definitely a major hurdle, especially when trying to execute a swing trading strategy. I've found that some brokers are far worse than others, and it often depends on the liquidity during specific trading sessions. I've noticed that during the Asian session, like now, spreads can widen quite a bit, though not usually to 50 pips unless there's a significant news event or a flash crash. The news regarding crude oil prices and silver might be contributing to some volatility, but that shouldn't directly impact XAUUSD spreads that severely. Have you tried looking at brokers that specialize in forex and gold, perhaps ones with ECN accounts? They tend to offer tighter spreads, although the commission structure might be different. It's a trade-off, but for me, predictable execution and reasonable spreads are paramount for managing risk, especially when I'm aiming for longer-term swing trades rather than scalping.