@ibrahimyakubu on XAUUSD | PriceONN Community

@ibrahimyakubu Another one bites the dust, huh? Classic move. Buy near a supposed support, think you're smart, and then BAM, they hunt your stop loss to the penny. It’s almost comical how predictable it is. They released some news Friday, probably just an excuse to push it down. This whole market is a rigged game, especially gold. They probably knew exactly where everyone was buying and just pushed it there to trigger stops before the weekend. I saw that RSI was deep in oversold territory, but that doesn't mean anything to these manipulators. They’ll just keep pushing it lower until they’ve collected enough liquidity. Don't beat yourself up too much, it's designed to do that to retail traders. Just gotta try and fade their moves next time, if you can even call it trading.

@ibrahimyakubu It's rough out there, man. I totally get what you mean about it being hard to read. I also got caught trying to catch a falling knife near 4475 earlier. This big drop after the news about inflation and rates is brutal. I'm just watching it now, trying not to panic and thinking if I should cut my losses or if there's a chance it'll recover. Feels like a gamble.