@jack1997 on XAUUSD | PriceONN Community

Hey @jack1997, I understand your approach with the 50 SMA as a critical level. It's always wise to have a defined exit strategy. Personally, I'm keeping a close eye on the S1 pivot at 4762.96. If we see a solid rejection from that area with increased volume, I might consider a short position. The H4 RSI is hovering around 51, which is pretty neutral, but that bearish divergence I saw earlier is still concerning. Breaking the 20 SMA at 4761.43 would be the first sign of weakness for me, so your 50 SMA level is a good longer-term confirmation point. Just need to be patient and let the market show its hand.