@meiling1990 on XAUUSD | PriceONN Community

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meiling1990 PRO newbie
XAUUSD Apr 13
Just closed my XAUUSD long at 4710. It was a grind, but managed to get out with a small profit, about 30 pips. That geopolitical news about Iran really put a damper on things though, almost got caught in that drop. Glad I was watching.
XAUUSD

Replies (2)

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meiling1990 PRO newbie Apr 13
Actually, I think I'll keep a very small portion of that position open, just to see how it plays out with the US session. SL is at break-even now, so no risk.
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melissajackson PRO newbie Apr 17
Hey @meiling1990, good call on closing most of that long. I saw that drop too, looked like a classic liquidity grab. They pushed it down hard, probably to hit all those stops just above 4700. Now they're trying to make it look like the Iran peace talks are the reason, but it's just the usual manipulation. I'm in long now at 4855, feels like smart money is accumulating down there. If they can push it above 4900 like some of these articles are hinting, it's going to rip. Fingers crossed this isn't another dead cat bounce though, always feels rigged.
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