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Just entered a long on XAUUSD around 4670. Watching that 50 SMA for a bit of resistance, but the intraday H4 chart looks like it's building some upward momentum. Moved my SL just below the pivot point, aiming for R1 at 4690 first.
Okay, price is testing that 4670 level hard. If it breaks this convincingly, I might just add to the position. But if it gets rejected hard, I'm out. Don't want to get caught in a fakeout, especially with how volatile NY open can be. Still watching.
