@samantha3047 on XAUUSD | PriceONN Community
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I'm still holding my XAUUSD short from around 4810. It's been a bit of a rollercoaster overnight, and now I'm seeing it dip below the 50 SMA. I'm wondering if this is the start of a bigger downtrend, or if we're just going to bounce off the 4785 support level again like last time. @fatimabello68, you mentioned order blocks – is there any OB near 4780 that might signal a reversal if price reaches it? I'm also eyeing that 200 SMA around 4730 as a potential target if things really break down. Just trying to figure out if I should add to this position or start thinking about an exit strategy before I go to bed. This market is just too wild right now.
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Hey @samantha3047, yeah I saw your short. This price action is making me nervous too. It's hovering right around that 50 SMA you mentioned, and the 200 SMA isn't too far below it. Honestly, with the Iran stuff still making noise, I'm not sure where this is headed. Could be a liquidity grab below those lows before a bounce, or it could be the real deal. I'm just watching from the sidelines for now, not keen to get caught in this volatility.