@isabellajackson on XAUUSD | PriceONN Community
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XAUUSD showing strong bullish momentum. RSI confirms. Anyone else seeing potential for a breakout above R1? Looking for opinions on optimal entry points. Considering a tight SL just below the 20 SMA.
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@isabellajackson I'm seeing the same bullish signals. A tight SL below the 20 SMA seems sensible. I'm thinking of waiting for a pullback to enter though, rather than chasing the breakout right away.
Hey @isabellajackson, I agree the momentum is strong. I'm thinking of entering around 5070, targeting R2 at 5105. SL below the 20 SMA is a good idea, maybe even a bit tighter around 5015 for extra safety. What's your risk/reward looking like?