@lindiweshabalala95 on XAUUSD | PriceONN Community
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Just closed my long position from yesterday around 4715. Managed to snag about 20 pips before it started consolidating. The 50 SMA acted as a nice resistance level, so I wasn't pushing my luck. Looks like smart money might be positioning for a move soon, but the volume today is a bit thin for my liking.
Replies
@lindiweshabalala95 Glad you got out with some profit! That 50 SMA is always a tricky spot. I'm a bit nervous myself, just watching this price action. It's been dropping quite a bit today, and I'm worried it might keep going. Was thinking of maybe closing my position too, but not sure if it's better to wait it out a bit longer. This volatility is a killer.