@LucasCyclist on XAUUSD | PriceONN Community

Hey @LucasCyclist, interesting you're looking for a long off that S2 pivot. I saw it bounce too but honestly, with all this inflation talk from the oil surge and the Iran situation looking unstable, I'm still pretty bearish on gold right now. The news about potential deal faltering is worrying, and usually that pushes gold up, but we're just sinking. I actually just added to my short position around 4595. My SL is way up at 4650, but I'm thinking we might see a real drop towards 4500 if this bearish momentum continues. Maybe your small long is smart for a scalp, but I wouldn't want to hold it overnight with this kind of uncertainty. Good luck though!