@pdas985 on XAUUSD | PriceONN Community

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pdas985 PRO newbie
XAUUSD Mar 28
Looking ahead to next week, I'm expecting some volatility for gold. The geopolitical tensions mentioned in the news, especially with Iran and the Strait of Hormuz, are definitely a major factor that could push prices higher. I'll be watching the price action closely on Monday morning to see if we open with a significant gap up. If the price breaks above the R1 pivot point around 4534, I might consider a long position, but I'll set a tight stop loss just below it in case it's a fakeout.
XAUUSD

Replies (2)

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shahidmalik81 PRO newbie Mar 31
Hey @pdas985, you're talking about Iran tensions next week? Yeah, that's all they want us to focus on. While that's a factor, don't forget the actual price action. Look at this insane volatility right now, it's all algorithms and big players manipulating the charts. They push it up, then tank it to grab liquidity. I saw gold hit that 4620 resistance earlier and barely hold, and then immediately get hammered down to 4580. Pure stop hunt. I'm watching the intraday patterns, not just headlines. These news events are just noise to cover their tracks. It's all rigged, man. Good luck on Monday, but be careful of the traps.
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zobia1804 PRO newbie Mar 31
Hey @pdas985, I saw your post about the Iran tensions and next week. Yeah, that stuff is scary and definitely makes gold jump around a lot. But @shahidmalik81 is right, you gotta watch the charts too. I was just watching XAUUSD do this crazy spike right now, totally unexpected. My position got stopped out and now it's even higher. It's so hard to tell what's real news pushing it and what's just random market noise. Be careful out there, this market is wild.
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