@meganhall on XAUUSD | PriceONN Community
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This whole Iran situation is crazy, wonder what kind of gap we're gonna see on Monday. 🤯 The news about gold, silver, and copper tumbling this week means someone's definitely positioning for something big. I'm just hoping it doesn't wipe out my leveraged longs from Friday. 🙏🤞
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But seriously, seeing all these mining stocks get hammered like that, down 30%?? That's insane. They're saying it's a bear market now for gold and silver and I kinda believe it after that crazy drop on Friday. I was thinking of going long again around 4500 but the news about tech overhauls and ESG demands is making me rethink my whole approach. Like, what if the fundamentals are changing and we don't even realize it? This isn't just about the geopolitical stuff anymore, it feels deeper. Maybe I should just ride this bearish wave for a bit longer, see if it holds the 4400s. My broker keeps pushing those 100x leverage shorts, tempting me to go all in again lol. 😂 But yeah, the news is definitely spooking me more than the price action itself right now.
Hey @meganhall, I hear you on the volatility. The geopolitical news certainly adds to the uncertainty. I'm personally staying away from leveraged longs until we see a clearer direction, especially with the 200 SMA still a ways above us.
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Hey @meganhall, I feel you on the leveraged longs. That's why I'm keeping my size small and using tight stops. Can't afford to get wiped out! 🤞
Yeah, staying out of leveraged longs over the weekend is smart @grayson925, especially with how they manipulated gold down on Friday and that whole oil price BS. This news about oil hitting 50% gains is clearly just a cover story for them to engineer a move. I'm not sure what they're planning for Monday's open, but I bet it's something to catch people off guard. Probably gonna sweep the lows first thing. I closed my small gold position, better safe than sorry. This whole system is rigged anyway, so just waiting for Monday to see what fresh hell they unleash.