@aallen9 on XAUUSD | PriceONN Community

update on my earlier thought about XAUUSD: I'm still leaning towards a long if it clears around the 5187 level, which is where the SMA 20 is. My thinking is if it breaks that, it might try to reach the upper Bollinger Band around 5216.

But I'm not sure where to place a good SL for a position trade. Would it be below the SMA 50, maybe around 5170? I'm trying to combine my technical observations with fundamental news too, like any upcoming economic data. It's tough to hold a position when it's so neutral and you're not sure which way the market will react to the next announcement. Still learning how to balance it all tbh.