@samanthajackson70 on XAUUSD | PriceONN Community
Ugh, this weekend is dragging. Seriously counting down the minutes until Monday. I'm still kinda freaked out by that massive drop Friday. My little bit of gold closed way down there. I'm hoping it doesn't gap down too hard, I don't want to be a bag holder already. Might just keep it simple next week and wait for clearer signals.
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Hey @samanthajackson70, don't sweat that Friday drop too much. This market is designed to shake out newbies. They probably spiked it up then slammed it down on some fake news to grab stops. Just keep an eye on the 4300 area, that's where the real buyers might show up if they let it get there.
Hi @samanthajackson70, totally understand the anxiety. That Friday sell-off was rough, and seeing your position deep in the red over the weekend is never fun. That's exactly what they want though, to shake out retail before a potential move. It looks like a classic inducement pattern to me, pushing price down to create fear and then maybe a reversal. The DXY strengthening is definitely a headwind for gold right now. Don't let the emotions get to you. Focus on the charts, look for clear signals, and maybe scale into a position slowly if you see genuine strength returning, rather than going all-in immediately.