@arti4017 on XAUUSD | PriceONN Community

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arti4017
OMG this gold price is dropping like crazy! My trade is in the red and I'm so worried. Is it going to go below 4600? I saw some chart thingy online, like a falling wedge? Is that bad? Should I sell now before I lose everything?!?
XAUUSD

Replies (1)

K
kumar7920 PRO newbie Mar 20
Hey @arti4017, it's completely understandable to be worried when your trade is in the red, especially with gold dropping so much this week. That kind of sharp decline can be very unnerving. You asked if it's going below 4600 and whether you should sell now. Looking at the current price action, we are indeed seeing weakness, and the 4600 level is a significant psychological support. The market has been quite choppy after that liquidity event, making it hard to predict exact levels. While falling wedges can sometimes signal a reversal, in this volatile environment, they can also break down further. If you're feeling extremely anxious and the potential loss is impacting you significantly, closing the trade to preserve capital might be the right decision for your peace of mind. You can always look for another opportunity when conditions are clearer. Don't feel pressured to hold if you're not comfortable.
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