@danieladams on XAUUSD | PriceONN Community
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This gold drop is looking a bit sus. You know how they say RSI is oversold but price keeps tanking? Feels like they're trying to lure people into shorting before a massive squeeze. I'm staying away from new positions until this settles, could be a nasty bear trap waiting to snap shut.
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@danieladams I hear you. It's so confusing when the charts look one way and price does the total opposite. Maybe it's just a dead cat bounce before another drop?
@danieladams Totally agree it's confusing. I just saw the price tank and started sweating. Heard about bear traps but it's hard not to panic when you're in a trade and it goes against you. Will watch from the sidelines for now too.