@lauren7569 on XAUUSD | PriceONN Community
L
I'm opening a small short position on XAUUSD. RSI is showing oversold at 28.5, but the overall trend is still bearish given the SMA values. I'm risking only 0.5% of my account because the dollar is gaining strength, which usually pressures gold. Position size is calculated to allow for a stop loss just above the 20 SMA at 5084. Let's see what happens...