@noahmurphy31 on XAUUSD | PriceONN Community

Hey @noahmurphy31, I agree with you about the 200 SMA. It's been a stubborn resistance level for XAUUSD for a while now. That oil news does add an interesting layer, though. If inflation fears really kick in, gold could get a nice boost. Just hoping it doesn't open with a massive gap against my potential plans.

Hey @noahmurphy31, yeah that 200 SMA at 4696 is a brick wall for gold right now. Feels like they are just keeping it pinned there. This whole inflation story from the oil news is a joke, just another excuse for them to manipulate the price. They keep talking about inflation fears but then the Fed is just sitting there doing nothing. Classic. I'm shorting this whole supposed 'rebound' setup. It's just a bull trap waiting to happen, they'll sweep the lows again before anyone even knows what hit them. This market is utterly rigged, you can see the algos just pushing it to hit stop losses around these pivot points, like that R1 pivot at 4633. Pure theater.