@mustapha2273 on XAUUSD | PriceONN Community
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Just opened a small short position on XAUUSD at 5160. The RSI is looking really oversold on the H4 chart, but I think there's still room for it to drop further. My target is around 5050, which is near the S1 pivot point. SL is placed at 5200 to give it a bit of room to breathe. Let's see how this plays out. I'm expecting a bit of a fight around the 5100 level though, so will be watching closely. This could be a good scalp opportunity if it breaks down convincingly.