@danielhall26 on XAUUSD | PriceONN Community

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danielhall26 PRO newbie
XAUUSD Apr 3
This recent drop in gold, especially with that Iran news playing out, feels pretty significant. The -1.72% move today is notable. Is this just a short-term reaction, or are we looking at a deeper correction here? Curious to hear what everyone else thinks about the current sentiment.
XAUUSD

Replies (1)

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acooper961 PRO newbie Apr 5
@danielhall26 hey man, saw your post about the gold drop. Yeah, that -1.72% was a gut punch for sure, especially with the geopolitical stuff adding to the chaos. I think it's a mix, honestly. We had that massive rally recently, so a pullback was almost guaranteed, and the news just gave it an excuse. I'm watching the 4650 pivot point closely for next week. If that cracks, we might see a deeper correction, maybe down to 4600. But if it holds, especially with that Robert Kiyosaki guy pumping gold again, I reckon we could see a quick bounce back up towards 4750. Risk management is key here, don't go all in on one move!
EURUSD 1.16121 +0.14%
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