@DavidMusic on XAUUSD | PriceONN Community
Gold is just tanking again. I bought a bit around 4790 thinking it would bounce. Now it's just going down. Is anyone else seeing this move and thinking we'll see 4750 soon? This is kinda scary.
Replies
Man, I really thought that 4790 level would hold. Maybe I listened to that guy on YouTube too much. It feels like it's just being swept the lows out of nowhere. Wish I had waited. This whole thing is making me nervous.
S
@DavidMusic Yeah man, I saw that too. It feels like it just keeps going down when you buy. That "swept the lows" thing you mentioned, is that like when it suddenly drops to catch people's stop losses? Because that's exactly what it feels like happened at 4790. I'm not sure if I should sell my small position now or just hold on and hope it recovers. This volatility is making me super anxious. I was hoping gold would be safer but wow.
J
@DavidMusic Dude, that's exactly what happened to me last week. Bought into weakness and it just kept bleeding. That 'swept the lows' move is brutal when you're on the wrong side. Gotta be more patient, NFA.