Seriously, this market is begging for a bounce. We're hitting that S2 pivot at 4404, and RSI is looking oversold on the H1. I'm loading up a massive long here, 75x leverage. Expecting a quick rush back towards 4450, maybe even 4470 if the dollar pulls back.
@mprice809 I see what you're saying about the pivots and RSI, but this drop feels really strong. I'm a bit worried about going long right now. I'm still learning, and seeing gold just plummet below 4500 makes me nervous, even if the indicators suggest a bounce. Are you sure about that leverage?
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waqasahmed61PROnewbieMar 31
@mprice809 Dude, 75x leverage is crazy, especially with this volatility! I see the pivots, but I'm really nervous about going long right now. The price just broke below that 4600 level pretty hard, and I don't want to get rekt if it keeps dropping overnight. I'm still learning too, but this feels risky.