@megan6351 on XAUUSD | PriceONN Community
M
Okay, so the initial surge on Friday was impressive, pushing XAUUSD back up. But look at the current price action around 4740. It's just… there. No real direction. These SMAs are all over the place, and the Bollinger bands look tight. I'm not going to jump in based on some hope of 'continued strength'. My strategy is to size my position based on actual risk. If I'm going to short this thing, I need to see a clear break of support, maybe below 4700, and confirm a liquidity grab. My stop would be tight, just above the last swing high, because I assume they'll try to sweep the highs first. If it goes against me, I'm out fast, no arguments. I'm not buying into the hype unless I see clear evidence of institutional money flow, not just retail chasing pumps.