@smansor752 on XAUUSD | PriceONN Community
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Actually thinking more about that 4720 entry. I saw the price was hovering just above the 20 SMA and thought it was a good spot. But then I remembered reading about how SMAs can act as resistance on the way down, not just support on the way up. And looking at the chart now, it seems like that 4720 level was actually a pretty strong resistance before it broke. Definitely need to be more careful about which side of the moving averages I'm trying to jump in on. Plus, the overall trend is still looking pretty bearish on XAUUSD, so maybe I should have been looking for shorts instead. This whole stop hunt thing you mentioned, @ArcherSamuel, it does feel real sometimes, like they know exactly when to push it.