@WildCard99 on XAUUSD | PriceONN Community
W
This whole week has been a rollercoaster for XAUUSD, especially with that Fed statement dropping. I was watching the charts late last night and saw that big red candle on the H4 after the news. I remember seeing similar displacement back in the day when inflation worries were super high, and it led to a pretty nasty correction. I almost FOMOed in on a short position right after that news hit, but I held back because the RSI was already so low. Learned my lesson though, with this kind of news-driven volatility, it's better to wait for a clear entry after the initial panic. Trying to catch a falling knife is a good way to get rekt, which is exactly what happened to me last month when I tried to buy the dip too early on BTC. Gotta respect the trend, even when it looks oversold. This Fed news is definitely the main driver right now.