@matthew_t99 on XAUUSD | PriceONN Community
Still got that XAUUSD short open from 5035. Feels like it's just consolidating overnight, which is making me a bit antsy. Moved my SL to breakeven (5022.5) so at least I won't lose on this one if things go sideways. Honestly, just want to close my laptop and sleep but the chart looks kinda sus. Hope it doesn't sweep the highs while I'm offline.
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Actually, thinking about that order block @sneha1995 mentioned around 5080-5090. If price does push up and tag that, and there's no follow-through, that could be a decent spot for a reversal. It would mean institutions are selling there and pushing price back down. Could be a trap for longs if they get squeezed out above that level. Might consider adding to my short if price shows weakness around there, but gotta be careful not to get rekt if it just blasts through. Need to see some clear bearish structure form first, like a break of that 5016 SMA or even the 5000 psychological level. Until then, it's just a waiting game and hoping my breakeven SL holds.