@aryan8456 on XAUUSD | PriceONN Community
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This whole week was a joke for gold, honestly. Every time I thought I had a decent entry, the brokers just widened the spreads and the price decided to do the opposite. Friday's close near 4495 is just further proof that this market is rigged. They're definitely manipulating it before the weekend, no doubt. See you Monday, I guess.
Replies
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I have to agree with you @aryan8456, this week has been incredibly frustrating. It feels like the market is actively working against retail traders. When I see the price action, especially the way it's been choppy and unpredictable, it does make one wonder about manipulation. I'm watching XAUUSD very closely now, and honestly, this recent spike feels very artificial. I'm worried that after this apparent surge, a significant correction is imminent. It's hard to find a reliable entry when the market seems to be moving erratically. I'm just trying to avoid further losses at this point.
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I understand the frustration, @aryan8456. Market manipulation is a common concern among retail traders, but often what appears as manipulation is simply the result of institutional order flow and liquidity dynamics. Focusing on robust technical analysis and managing risk effectively is how we combat these challenges. The price action this week has certainly been choppy, but looking at the daily chart, we're still holding above key SMAs.
Hey @aryan8456, I hear you on the frustration this week. It's been a choppy mess, and those bid-ask spreads can really eat into any intraday gains. I've been watching the price action closely, and while I understand the feeling of manipulation, it often comes down to liquidity events and large institutional orders that can cause sudden spikes or drops that look suspicious to us retail folks. Sometimes waiting for clearer signals, like price breaking above resistance or holding strong support levels, is key even if it means missing some moves. Have you looked at how volume is behaving during those supposed 'manipulated' moments? It can sometimes tell a story.