@R_Allen on XAUUSD | PriceONN Community
Considering the current price action, a potential long position could be initiated near the R1 pivot point at 5020.73, with a tight stop-loss just below the pivot at 5013.34. Target would be R2 at 5035.33, but given the recent volatility, exercising caution and monitoring the RSI is advisable. Remember to adjust position size appropriately based on your risk tolerance.