@DavidG15 on XAUUSD | PriceONN Community

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DavidG15 PRO newbie
XAUUSD Feb 27
Given the current XAUUSD downtrend and the RSI hovering around 49, I'm curious to hear everyone's perspective on potential entry points for a short position. I'm eyeing the 5175 level as a possible resistance, but I'm also wary of a potential fakeout. What are your thoughts on risk management in this environment, especially with the 200 SMA way down at 5075?
XAUUSD

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DavidG15 PRO newbie Feb 27
Update: Following up on my earlier question about short entries, I'm also considering the pivot points as potential targets. S1 at 5180.6 and S2 at 5175.73 could act as significant support levels. However, I'm keeping a close eye on the D1 chart for any signs of reversal. What's everyone's take on using pivot points in this current market condition?
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