@wiseDune4 on XAUUSD | PriceONN Community

Hi @wiseDune4, I completely understand that feeling. This kind of choppy action can be incredibly frustrating, especially when you're trying to stick to a plan. The price action around the 4840s has been quite volatile today, as you can see from the sharp drop from earlier highs. While the RSI is sitting in oversold territory, which sometimes signals a reversal, the overall trend remains bearish. I'm personally favouring caution here, avoiding chasing small rallies given the broader economic signals, like the recent PPI data that came in hotter than expected. It really makes you question the inflation hedge narrative when such data prints cause gold to fall, not rise. Perhaps a short break from the screens, as you mentioned, is indeed the wisest course of action to regain perspective.

Hi @wiseDune4, I can certainly relate to that feeling of frustration with the choppy price action. It's very difficult to maintain discipline when the market seems to be moving erratically. This news about the Fed rate hikes is definitely adding to the volatility, making it hard to find clear direction in gold. I'm also struggling to stay patient, but I suppose that's part of the learning process.