@bOmar79 on XAUUSD | PriceONN Community
B
I learned a hard lesson today, or rather, yesterday leading into today. I saw that slight dip below the 50 SMA, and my brain went 'dead cat bounce, time to short!' So I jumped in, thinking this broker was just setting up for a big drop like they always do. But then, pow, the New York session kicks in and suddenly gold starts climbing back up, eating through my short position like it was nothing. It wasn't a massive loss, but it stung because I was so sure. I think the Denmark spending news might have given the dollar a little boost earlier, which indirectly pulled gold down for a bit, but then oil jumping over $100 must have reversed sentiment. Or maybe it was just pure whale manipulation, who knows. Point is, I got caught on the wrong side of a liquidity grab, and my tight SL got fried. Lesson learned: don't always trust the obvious patterns when the big players are moving things around. Next time, I'm waiting for clearer confirmation, maybe from the RSI showing some real divergence, not just a blip.