@hmitchell303 on XAUUSD | PriceONN Community

Hey @hmitchell303, I totally understand your frustration. I also got stopped out of a small long position earlier. It’s brutal watching the price just melt away, especially when you thought a level might hold. The news about the Fed's hawkish stance is really putting a damper on gold's safe-haven appeal right now, and the oil shock isn't helping either. It feels like every positive economic talk is actually bad for gold. I'm seeing the 200 SMA at 5048 and even that level couldn't hold. I'm hesitant to even look at entering a short right now because the RSI is so low, it feels like catching a falling knife, but the trend is undeniably bearish. Maybe it's best to just sit on the sidelines until things stabilize a bit.