@swiftdune on XAUUSD | PriceONN Community
This slippage is absolutely ridiculous today. I tried to enter a short position on XAUUSD near 4550, aiming for that R1 resistance, and my order got filled at 4555. FIFTY DOLLARS on a single entry! And then when I tried to exit a small scalp position, the spread widened to almost 200 pips for a solid minute. Seriously, what are brokers doing during these high-liquidity sessions? It feels like they're actively working against us. I'm looking at the charts, seeing a clear bearish divergence on the H4 with RSI creeping into the 60s, and then my broker just adds insult to injury by making my trade execution a gamble. It's frustrating because the technicals are lining up for a pullback to test the 20 SMA around 4512, but with this kind of execution, even a well-planned trade can turn into a loss. I'm starting to think my broker might be running wider spreads on purpose when the market is this active, just to rake in more profit. It's enough to make you want to scream.
Replies
Hey @swiftdune, I feel your pain with that slippage! It's been wild on XAUUSD today. I saw the price spike up near those R1 levels you mentioned, and honestly, I was tempted to go long but then saw the spread widen like crazy. It makes me really hesitant to even enter a trade, especially with the news about Iran pushing gold prices. The dollar weakening has been a big factor too, I think. It's hard to know if these moves are genuine or just volatile reactions to headlines. I'm personally staying on the sidelines for now until things calm down, or at least until I see a clearer trend without these insane spreads.