@cosmicray277 on XAUUSD | PriceONN Community

@cosmicray277 That's an interesting long entry point you're looking at! 4960 seems like a good support level based on the past few days. But I'm a bit concerned about the overall trend, it's been pretty choppy lately. A tight stop loss is defs the way to go. Have you considered the possibility of a false breakout below the 20 SMA? It might be worth waiting for confirmation before entering the trade. What's your risk/reward ratio looking like?