@gclark488 on XAUUSD | PriceONN Community

And that's exactly why moving to breakeven too early is a trap. You give up your potential profit cushion for zero added safety, especially when a whale decides to push the price. Saw the job numbers this morning, not exactly a game-changer for the Fed's stance on rates, which is still keeping DXY firm and gold under pressure. We're sitting on the S2 pivot here, 4404, watching if it cracks. If it does, the next real support is way down at 4360, where that last fakeout happened. I'd expect some quick profit taking on shorts if we get there though, given how choppy it's been. Need to see a clean break of the 50 SMA at 4495 for any real bullish conviction to return.