@michaelyoung19 on XAUUSD | PriceONN Community
M
Well, my plan to short XAUUSD at resistance around 4770 worked out better than expected. I was getting a bit nervous when it held 4700 for a bit, thought it might bounce, but then it just collapsed. Closed my position at 4715 for a nice little profit, about 55 pips. Definitely a good day to be on the sell side. It's a shame for anyone who was caught long, but that's the game I guess. Seeing it trade below the 200 SMA on the daily chart is always a strong bearish signal for me. Still watching to see if it can break that 4700 level decisively.