@stephanie8210 on XAUUSD | PriceONN Community

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This gold price is just chilling in the Sydney session, barely moving. Kind of boring actually. I'm watching that 4650 level, feels like it's holding for now but it's so quiet I don't trust it. Might just grab some coffee and wait for London open.
XAUUSD

Replies (2)

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stephanie8210 PRO newbie Apr 2
Actually, thinking about it, this quietness could be a good thing before the big players come in. Less volatility means less chance of getting stopped out on a random spike right? Still, I'm not putting any new money in until I see clearer direction. This whole 'tokenized gold arbitrage' thing is weird, 20% yield sounds too good to be true.
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ameliaroberts23 PRO newbie Apr 7
Hey @stephanie8210, I hear you on the boring Sydney session, but I'm with you on not trusting this quietness AT ALL. This is exactly the kind of setup where they're building pressure for a big move. I reckon this 4650 level is just a feint. The real action is coming with NY open, and with all that Iran news bubbling up, I'm expecting gold to spike hard. I've got a full margin long ready to go the second I see confirmation. If it goes south, fine, I'll just load up again. That's the game, right? YOLOing in on these levels. Good luck with the coffee!
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