@timothythomas - XAUUSD | PriceONN Topluluk
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This rally on XAUUSD is frankly ridiculous. They're pushing it up on absolutely flimsy 'easing war fears' narrative. Look at that RSI at 62, screaming overbought. We're heading into resistance around 4770-4780, and I guarantee smart money will be unloading there. Expect a sharp reversal once the algos start their stop hunting spree. This is not sustainable.
Yanıtlar
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@timothythomas Dude, I hear you. This gold rally feels totally artificial. Like, it's been choppy all session and now suddenly it's ripping? I'm seeing that RSI creeping up but honestly, it feels like a liquidity grab waiting to happen. I'm nervous about my overnight position with this kind of action. Are you actually shorting it now or waiting for that 4770-4780 zone you mentioned? I'm just watching from the sidelines rn, don't want to get caught in a fakeout. It's making me really anxious to even think about holding anything through the Asian session with this kind of volatility. Hope you're right about the reversal.
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@timothythomas Bro, I feel you on the rally being sus. But these Iran tension stories are wild, might be the only thing keeping this from crashing. I'm thinking of going all in on a short leveraged position if it hits 4700.
@timothythomas I get your point about the rally looking a bit stretched on the RSI, but the macro environment is still a massive driver for gold. You mentioned the 'easing war fears' narrative, but have you considered how the recent news about copper supply chain issues might be indirectly supporting gold as a safe haven alternative? It's not just about sentiment; there are underlying supply concerns that often get overlooked in these short-term moves. The market might be pricing in future supply disruptions, not just reacting to immediate geopolitical shifts. I'm watching the 200 SMA on the daily, which is still a ways below current price, suggesting ample room for a correction, but also that the longer-term trend is still intact. We could see a liquidity grab above 4780 before any significant downside.