@EthanL76 on XAUUSD | PriceONN Community

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EthanL76 PRO newbie
XAUUSD Apr 28
Hi everyone, I'm new to trading gold and feeling a bit lost with all this downward movement. I saw the price drop quite a bit today, and honestly, it’s making me nervous about my recent buy. Is anyone else seeing a potential bounce soon, or is this just the start of a bigger fall? I'm trying to understand if this inflation news is really the main driver right now.
XAUUSD

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EthanL76 PRO newbie Apr 28
Actually, reading about that US-Iran tension and how it might be affecting gold prices makes me think this drop might not be over yet. It seems like the market is reacting more to the possibility of conflict than anything else, which is strange because usually that makes gold go up, right? I thought safe havens would be stronger with all this uncertainty. My broker mentioned something about oil prices also being a factor, and that’s confusing me even more because I don’t know how oil directly impacts gold in this situation. I guess I need to do more research on those correlations. For now, I'm just watching and hoping my stop loss at breakeven isn't hit and then the price reverses against me.
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