@harry804 on XAUUSD | PriceONN Community
This gold action reminds me of that wild natural gas run we had last year. Remember how NG just went ballistic for no reason? Then it crashed harder than a dropped phone. Pretty sure they're doing the same thing with XAUUSD right now. They pump it up and then bam, sudden dump.
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Seriously though, it feels exactly like that gas manipulation. They'll push XAUUSD higher and higher, make everyone think it's going to 5k or something crazy, then BOOM. Stop losses get hunted, retail gets wiped out, and the big players scoop it up for cheap. I saw that RSI hit over 66, which is usually a sign it's overheated, but they just keep pushing it. It's sickening. Makes me wonder if my broker is even honest about the prices they show me, or if they're in on the rigging too. Such a joke.