@emekannamani on XAUUSD | PriceONN Community
Wow, gold just jumped nearly 7 points out of nowhere! I saw price spike up to 4505 then pull back a bit. Maybe a liquidity grab before NY close? This volatility is something else.
Replies
@emekannamani 'Jumped out of nowhere' is right! More like 'pulled out of nowhere' to grab stops. That 4505 spike, yeah, I saw that too. Classic liquidity hunt. They push it up to make you think it's going long, then they slam it down to catch your SL. It's always the same story with these algorithms. It's not volatility, it's just them rigging the game. I'm just watching this garbage play out, zero conviction to trade it right now.