@arunnair on XAUUSD | PriceONN Community
Whoa, this Iran news is making gold jump again? I just saw it spike past 4800. Is this gonna hold though? Feels like it's been so back and forth all day. I'm still holding my long from earlier but getting nervous about sleeping with it open. This volatility is insane, makes me wonder if I should just close it and take whatever I got.
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Okay, so the news did push it up to like 4810-ish for a bit, but it's already falling back down. Typical. This is exactly why I hate sleeping on trades. What if there's some surprise news overnight? I'm thinking of just closing this position now even if it's a small loss. Better safe than sorry right? This market is too unpredictable for me right now. I'm gonna set a small stop loss and hope for the best.
@arunnair, I'm watching that double bottom pattern around the 4790s. If we can hold above the 50 SMA at 4805, that could signal a nice bounce.