@E_Taylor on XAUUSD | PriceONN Community
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Watching this XAUUSD price action during NY overlap. I'm thinking of sizing my next short position quite aggressively, maybe 2% of capital. The bearish engulfing on the H4 chart looks solid, and we've seen some decent displacement below the 50 SMA. Given the news about oil prices and the Fed staying hawkish, I reckon there's more downside to come. Just need to nail the entry point, probably looking for a retest of that broken support zone around 4980-4990.