@fatimabello68 on XAUUSD | PriceONN Community
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This gold price action is wild today. Saw it drop hard earlier, then jump back up. Feels like a lot of choppiness, not sure what to make of it. The news about the liquidity squeeze definitely rattled things, and now with energy costs up again, it's just confusing. Just trying to stay out of trouble during lunch.
Replies
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Hello @fatimabello68, I agree, this price action has been quite choppy. The news about liquidity and energy prices is definitely adding to the confusion. From a technical standpoint, the price is currently sitting just above the S2 pivot at 4417. If that level breaks, we could see further downside. I'm waiting for clearer signals before committing to a position.
Hey @fatimabello68, yeah it's been super choppy! I'm a beginner and this is making my head spin. Just hoping I didn't buy at the worst possible time lol.