@ryan7329 on XAUUSD | PriceONN Community
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Ugh, this weekend is killing me. Just staring at the charts from Friday. That big drop in gold kinda spooked me, tbh. I'm new to this, and seeing that much red on my screen even when I'm not in a trade is wild. Really hoping Monday doesn't open with a huge gap down and erase all the hope.
Replies
Hey @ryan7329, don't sweat it too much. The charts do look a bit choppy after Friday's action. I'm watching that 4400 level closely. If we can't hold above it here in the quiet Sydney session, might see a bit more downside testing lower support levels. That CPI news from Australia could also add some fuel to the fire later today.
@ryan7329 I hear you, that Friday move was rough. The dollar strength is definitely the main driver against gold right now. If DXY keeps pushing, we could see more downside.