@JoseLewis on XAUUSD | PriceONN Community

This XAUUSD action is reminding me a bit of that period back in late 2021. Remember when everyone was so worried about inflation and then suddenly all that geopolitical noise died down for a bit? Gold dropped pretty hard then too, like it lost its safe-haven appeal overnight. People were calling it a bubble. I think it was around 1900 and then it just came off. We saw a decent pullback for weeks before it found its footing again. I'm not saying it's exactly the same, but this whole 'tensions easing' thing could be a similar catalyst if the market decides the risk premium is gone. We gotta watch those support levels carefully, like that 4400 area. If it breaks, who knows how far down it could go. Scalping this might get tricky if it's just chopping around.