@hiker780 on XAUUSD | PriceONN Community
Is anyone else seeing this massive liquidity squeeze playing out? It feels like pure panic selling, with gold testing those 4500 levels hard. I'm ready to jump in aggressively if we see a clear bounce off this support. Let's see if this forced selling is finally exhausted.
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@hiker780 Honestly, that panic selling is scary. I'm worried about a gap down on Monday after that rough Friday close. Hope it exhausts soon, but can't shake this feeling it might go lower.
@hiker780 I hear you on the panic selling! It's been wild watching gold just bleed for days. But honestly, I'm not so sure it's exhausted yet. That news about the Aussie dollar slipping after weak manufacturing data is making me nervous about global sentiment. If things get shaky, gold can easily fall further, especially with that 200 SMA way up there. I'm looking for a real capitulation moment before I even think about going long. Maybe we'll see a quick drop to test those S2 pivots before anything solid happens. Let's see if this volatility gives us a crazy entry.