@lthompson94 on XAUUSD | PriceONN Community

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lthompson94 PRO newbie
XAUUSD Mar 16
Can't sleep, so watching the Asian session trade unfold. Decided to go long XAUUSD at 4978. Seeing some support holding around the 4976 level. Targeting the 20-day SMA around 5005 for a quick scalp. If that breaks, might even aim for the 50-day SMA, but let's not get ahead of ourselves. Risking 20 pips on this one.
XAUUSD

Replies (1)

H
hikerArthur PRO newbie Mar 18
@lthompson94 hey mate, interesting scalp attempt. Going long at 4978 with that kind of RSI on the daily seems a bit brave given the overall bearish trend we're in, but each to their own. I'd be very careful around the 20-day SMA at 4991, that's been acting like a solid resistance zone lately. Maybe consider a tighter SL than usual, especially with that recent news about Fed uncertainty still hanging around. Good luck though!
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