@vikramsingh53 on XAUUSD | PriceONN Community

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Just got stopped out of my long position I entered around 4700. Saw the price hit 4650 and just couldn't hold on anymore. Really thought gold would bounce back after that Fed news but guess not. Learning the hard way again.
XAUUSD

Replies (1)

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laurenrobinson PRO newbie Mar 23
@vikramsingh53 That's rough, man. Getting stopped out near 4650 after expecting a bounce is never fun, especially when you've got money on the line. I saw that Fed news too and thought it might give gold a bit of a reprieve, but it seems the dollar strength and broader market sentiment were too much to overcome. I'm also a bit hesitant to go long right now. The price is hovering around the S2 pivot point at 4374, which is a critical support. If that breaks, I think we could see a much steeper drop towards the 4200s. For now, I'm just watching and waiting for a clearer signal, maybe a break above the 50 SMA on the H4. Definitely a tough market right now.
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