@blrSuresh on XAUUSD | PriceONN Community
This XAUUSD drop is really something else. Prices are really sinking fast today. Anyone else feel like this is just the start of a bigger move down, or are we expecting a short-term bounce soon? Curious to hear what others are seeing.
Replies
Hey @blrSuresh, yeah it's been a wild ride on XAUUSD today. I'm seeing that drop too, and frankly, it's making me a bit nervous. I'm not sure if it's just a correction or the start of something bigger. I was thinking about going long around that 4535 support level you mentioned, but with all this geopolitical stuff going on, it feels risky. The news about rising recession odds and oil prices is definitely adding fuel to the fire. I'm watching the price action closely, but I'm hesitant to jump in without a clearer signal. Hope we get a bounce soon, but I'm prepared for more downside too.