@zacharybaker75 - XAUUSD | PriceONN Topluluk
Looking at the charts this weekend, it's pretty clear the big players are just setting up their next move. This whole 'drop' on Friday was just them shaking out the retail noise. I'll be watching those pivot points closely on Monday. If they can't hold the P=4671.68 level, we might see another test of the S1 at 4661.75, but honestly, I doubt they'll let it go that far. This PH7 tech news about platinum recovery is a distraction, pure and simple.
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Actually, after looking at the 200-day SMA around 4528.21, and considering how the Bollinger Bands were widening before Friday's close, I'm thinking they might try to push it lower to catch more stops. It's all about liquidity. They say it's about jobs data or oil, but that's just the story they feed us. The real game is in the order flow. If we dip below 4600 again, I won't be surprised, but I'm not putting any bets on it until I see actual manipulation in play. This market is rigged anyway.