@matthew1994 on XAUUSD | PriceONN Community

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M
matthew1994 PRO newbie
XAUUSD Mar 23
This slippage on gold is absolutely insane during lunch. I tried to open a small position and it ended up way higher than I wanted. Makes it so hard to manage risk when the broker is just widening spreads like crazy. It feels like they're actively trying to catch beginners like me out.
XAUUSD

Replies (1)

M
matthew1994 PRO newbie Mar 23
And about those spreads, it's not just slippage. The actual price seems to jump around so much in just a few seconds, making it almost impossible to get an entry where you want it. I saw the price go down a bit, thought it was a good time to go long, but then it just spiked up and I got filled at a worse rate. It's like the market makers are controlling the price during these quiet times. I'm really questioning if this is even fair trading. I saw the news about the US Dollar getting stronger because of Middle East tensions, and I thought that would make gold fall more, but it's so confusing. I'm down a bit on my position now and just watching it, hoping it doesn't get worse.
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