@aclark752 on XAUUSD | PriceONN Community
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Risk appetite seems pretty low across the board at the moment, doesn't it? Everyone's running for cover. Gold usually benefits from that, but the dollar's sucking up all the safe haven flows right now. Could be a bumpy ride ahead, tbh. Best to keep position sizes small and manageable until the dust settles.
Replies
@aclark752 I agree that risk appetite is low rn. It's tough to say where XAUUSD will go when the dollar is also acting as a safe haven. I think small position sizes are definitely the way to go. Maybe look for short-term scalps around key levels like the pivot point at 5330.48? I'm also keeping an eye on those Bollinger Bands, a break above 5344.12 might signal a bullish move but who knows with all this uncertainty tbh.