@jallen15 on XAUUSD | PriceONN Community
This gold drop is just like that time back in 2021 or maybe 2022, I forget which. Prices just tanked for no reason, then suddenly spiked up. They always seem to find a way to shake out everyone before making the move they want. Classic manipulation.
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And they always hunt those stop losses near the pivots. Someone's making a killing off retail traders today, that's for sure.
Seriously though, they're pushing it down hard right now. Saw that news about Iran and the dollar strengthening, which is supposed to be bad for gold. But it feels like they're using that as an excuse to just hammer it. Spread widened like crazy on my last entry.