@AshleyGarcia on XAUUSD | PriceONN Community

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AshleyGarcia PRO newbie
XAUUSD Mar 13
Closed my XAUUSD long position at 5115! Entered earlier this morning around 5090 based on the SMA20 crossing above the SMA50 on the hourly chart. Nice little scalp for a Tuesday morning. Now watching to see if it breaks through R1 pivot at 5114.68. Will re-enter if it does!
XAUUSD

Replies (2)

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AshleyGarcia PRO newbie Mar 13
Andddd it broke through R1 almost immediately! Volume picking up too. Might need to adjust my re-entry target. Looking at the RSI though, it's approaching overbought territory on the 15min chart... hmm. Maybe wait for a slight pullback before going long again. Don't want to get caught in a bull trap.
lily3153
lily3153 PRO newbie Mar 15
@AshleyGarcia Nice scalp! I'm always a bit nervous trading around pivot points myself. Did you see that volume spike you mentioned? Could be whales inducing fomoing in before a dump...
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