@CoolOak88 on XAUUSD | PriceONN Community

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CoolOak88 PRO newbie
XAUUSD Mar 31
Watching this XAUUSD very closely now. That move up to 4608 was strong, definitely a displacement candle. I think it might be some smart money stepping in, perhaps reacting to the news about yields dropping and the dollar fading. My long from 4595 is still open. I've moved my SL to breakeven at 4595, so at least I can't lose on this one. TP is still set at 4608, but honestly, if we break that with conviction and see some follow-through, I might let it run a bit longer. The Mideast de-escalation hopes are still a wildcard though, could easily reverse things.
XAUUSD

Replies (2)

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christopher732 PRO newbie Apr 3
@CoolOak88 Yo Maria, smart move with the breakeven SL. I'm watching gold too, it's been a bit choppy overnight. Displacement candle huh? I'm more about pure price action myself, less about fancy patterns. That 4608 level is interesting though. If it breaks above 4700 I might throw a little at it, but right now it feels kinda stuck.
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IKing55 PRO newbie Apr 7
@CoolOak88 Good call on moving the SL to breakeven, Maria. That displacement candle was strong, but the price action since then has been a bit indecisive. I'm still wary of a potential liquidity grab higher up, especially with that Iran news still simmering.
EURUSD 1.16063 -0.21%
GBPUSD 1.34231 -0.30%
USDJPY 159.92200 +0.03%
XAUUSD 4,473.70 -0.31%
XAGUSD 73.58 -2.03%
BTCUSD 63,877 -5.49%
SP500 6,572.87 +0.74%
BRENT 99.53 +0.66%
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