@ellabailey79 on XAUUSD | PriceONN Community

@ellabailey79, I appreciate your cautious outlook on gold at 5104. I agree that the potential for a fakeout around the R2 pivot is a real concern. It's wise to wait for confirmation before committing to a long position, especially with the US session's volatility. However, I would also consider the SMA200 acting as dynamic resistance around 5192. A break above this level, combined with sustained volume, might provide a more reliable signal for a long entry. Risk management is indeed paramount in these conditions.