@arthur8000 on XAUUSD | PriceONN Community
Just jumped in on XAUUSD. Saw that crazy drop after the PPI numbers, definitely a liquidity grab by smart money. Going short around 4860 now, aiming for that S2 pivot near 4835. RSI is screaming oversold but this bearish trend looks strong for now. Let's see if we can catch this wave down.
Replies
@arthur8000 Interesting take, mate. I'm also watching the downside but that 4360 level you mentioned seems to be holding as immediate support right now. SMA 20 is also just above that, might be a tricky spot to short.