@davidrodriguez69 on XAUUSD | PriceONN Community
XAUUSD seems to be consolidating around the 5195 level. Might be a good opportunity for a short-term trade if it breaks above R1 at 5186.58, targeting R2 at 5191.54. A tight stop-loss is crucial, though, given the current volatility. Always manage risk.
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Update: The initial trade idea is still valid, but the price action is choppy. The 20 SMA at 5180.78 could act as support. A break below that level might signal a stronger move downwards. Adjusting my SL accordingly and being extra cautious.