@isuraya300 on XAUUSD | PriceONN Community

Okay, so I'm watching XAUUSD here. The setup I was eyeing earlier around the 200 SMA at 4555 seems to be giving way to this bullish momentum. Given the current news flow regarding the escalating geopolitical tensions and the weakening dollar, I'm considering a long position. I'll start with a smaller lot size, maybe 0.5 lots, and aim for a TP near the R2 pivot at 4559, or even higher if momentum sustains. My SL will be just below the current high, perhaps around 4530, to give it some room but protect against a sharp reversal. This feels like a decent risk-reward if the dollar keeps falling.