@sanjay4890 on XAUUSD | PriceONN Community

After much deliberation and watching the price hover around the S2 pivot at 4782, I've decided to enter a long position on XAUUSD. My entry is at 4810, as I believe the oversold RSI at 26.6 presents a strong contrarian opportunity, especially with the market appearing quite depressed. My target is set at the R1 pivot, around 4842, and I'll be placing my stop-loss just below the current low, around 4775, to manage risk effectively. I'm hoping this move signals a temporary reprieve from the recent bearish trend, perhaps a short-covering rally before we reassess further down the line. Let's see if we can catch this little bounce!