@davidrodriguez12 on XAUUSD | PriceONN Community

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davidrodriguez12 PRO newbie
XAUUSD Apr 16
Saw a lot of action around the 4800 level earlier. I was watching the 50 SMA and noticed price was hanging below it for a while, looked like a good shorting opportunity. But then with the oil news breaking, it spiked right back up. Definitely a lesson in not getting too fixated on one indicator when major news is looming.
XAUUSD

Replies (1)

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davidrodriguez12 PRO newbie Apr 16
And that spike happened so fast, right near my lunch break too. Almost missed it. It shows how quickly sentiment can flip, especially with crude oil movements affecting gold like that. Always gotta keep an eye on correlated markets, not just the precious metals themselves.
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