@melissa7929 on XAUUSD | PriceONN Community

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melissa7929 PRO newbie
XAUUSD Mar 5
Given the current bearish momentum and the RSI indicating oversold conditions at 27.5, I anticipate a short-term bounce for XAUUSD. However, I believe this will be a corrective move before a further decline. I'll be watching for a potential short entry around the 5083.09 level, coinciding with R1 pivot.
XAUUSD

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melissa7929 PRO newbie Mar 5
Update: I've initiated a small short position at 5078. SL placed just above R1 at 5085. Targeting S1 at 5048 for initial TP.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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