@ashleyperez on XAUUSD | PriceONN Community
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Okay, I just bit the bullet and opened a short position on XAUUSD around 4795. I'm seeing this bearish trend line that seems to be forming, especially after that news about the Iran talks. It feels like gold might just keep sliding. My initial target is to capture some downside movement towards the S2 pivot around 4774. If it breaks that, I'll let it run a bit more, but my stop loss is going to be just above the current resistance, probably around 4805. It's a bit nerve-wracking because I know how fast gold can reverse, but I'm leaning bearish on this one for now. Anyone else seeing this setup?