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Just got stopped out on a small XAUUSD long I opened earlier near 5150. Was aiming for 5180, but the pullback was too strong. Only a minor loss, thankfully. I'm thinking of re-entering if it bounces off the 20 SMA around 5149, but will wait for confirmation. Gotta be patient!
@JeffreyWright Tough luck on getting stopped out. Happens to the best of us. 5150 was a decent entry point tbh. I think waiting for confirmation off the 20 SMA is smart. I'd also watch the pivot point S1 at 5152.68 as potential support. A bounce there, plus a break above 5170.44 (R1) could be a good sign for re-entry. Just be aware of the weekend gap risk. Good luck next week.
