@adamwright57 on XAUUSD | PriceONN Community
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Feels like everyone's on edge today. Gold's been dropping steadily, and with the UoM consumer sentiment looking shaky, I think people are bracing for more downside. Risk aversion is definitely up. I'm staying on the sidelines for now until the dust settles. This kind of market just eats up beginner traders like me.
Replies
Totally agree with you @adamwright57! This risk aversion is palpable. Gold is just following the fear right now, and honestly, with the RSI so low on the daily, it feels like a trap for shorts. But then again, the trend is definitely bearish. I'm holding off too, too much chop for my liking right now. 😬 Stay safe out there!