@adam4174 on XAUUSD | PriceONN Community
I'm watching that price action around the 4620s very closely. We're seeing a lot of indecision candles, almost like dojis, forming on the H1 chart. This suggests neither buyers nor sellers have firm control. If we get a strong bearish engulfing pattern here, it could signal a further drop towards S1 at 4604.
Replies
A
@adam4174 yeah, I see what you mean with those indecision candles. But honestly, I'm not overthinking it. If it drops, I'll just load up more on the way down. Gotta catch that momentum!
@adam4174 I'm really worried about this gold price. I bought it a few days ago thinking it was going up, but now it's just going down and down! My loss is getting bigger. You said something about a bearish engulfing pattern? What does that look like? Should I sell now before it drops even more? I don't want to be a bag holder.