@redfox397 on XAUUSD | PriceONN Community
Okay, I'm trying a small short position on XAUUSD at 5166.80. RSI looks kinda bearish on the shorter timeframes... I'm aiming for a target around 5150, but honestly, I'm a little nervous with all this volatility. Let's see what happens 🤞
Replies
So, about that short position... I'm already second-guessing myself 😅. The 50 SMA at 5167.77 is right there, acting like supporter. Maybe I jumped the gun a bit? I set my stop loss pretty tight, just above 5170, so hopefully, I won't take too much of a hit if I'm wrong. I was also looking at the Bollinger Bands, and we're kinda in the middle... not really overbought or oversold. Ugh, this is why I hate trading during high activity sessions! Too much going on at once. Just gonna watch closely for now...
J
@redfox397 The 50 SMA is indeed a key level. Sometimes it's better to wait for a confirmed break or retest rather than jumping in early. No shame in adjusting the plan.