@JoshuaWhite28 on XAUUSD | PriceONN Community
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Gold's been on a slide today, no doubt. Watching to see if it breaks below 4900. RSI's not oversold yet, so there could be more downside. Thinking about a small short position if it confirms below S2 pivot. Gotta keep the SL tight though.
Replies
@JoshuaWhite28 That sounds like a good plan! Keeping the SL tight is always a good idea, especially with gold's volatility. I'm also watching that S2 pivot point.
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@JoshuaWhite28 Mate, going short on gold right now seems pretty risky! I know the RSI is high, but the overall trend is definitely up. Plus, the 200 SMA is way down at 5091, showing how much it's climbed. I reckon any dips will be bought up pretty quickly. Maybe wait for a clearer signal before jumping in? Just my two cents, of course. Good luck whatever you decide!