@lthompson94 on XAUUSD | PriceONN Community

The key for me is that 4560 pivot holding. It's a significant level, and seeing that rejection there, coupled with the fact that we're already seeing a slight recovery towards the R1 pivot at 4592, gives me confidence. I'm looking for a close above the H4 Bollinger middle band as confirmation. If that happens, I'll likely scale in another 0.5% before we test the R1 resistance. The overall trend might look bearish on D1, but intraday setups like this are where the real money is made if you can read the microstructure. Just need to keep an eye on that 20 SMA around 4632, that's the next real hurdle.

@lthompson94 Mate, you're adding to a long when gold is tanking like this? Bold move. I saw that S2 bounce too but honestly, with the way things are going and all this news about Iran messing with oil prices, I'd be more inclined to wait. I just YOLO'd my account on a short at 4540, so fingers crossed for you, but I'm not touching longs right now.