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XAUUSD approaching the R1 pivot point at 3888.52. RSI is still showing bullish momentum, but I'm wary of a potential pullback. What are everyone's thoughts on entering a short position if it fails to break through this level? I'm considering a tight SL just above R2.
@LakshmiIyer I'm still learning, but your short idea sounds interesting. R1 is 5038, right? If it bounces there, a short might be good, but wouldn't a stop loss above R2 at 5052 be a bit too tight, even? I'm thinking of trying a small long position but I'm scared it'll drop like a stone on Monday morning lol. Maybe I should wait for the market open and see what happens. This is stressfull
