@BoldTide68 on XAUUSD | PriceONN Community
Right, weekend analysis time. Thinking of going short on XAUUSD if it breaks below 5160 on Monday open. RSI is high, and we're close to the 200 SMA at 5192.82. Need to see how the Asian session reacts first though. 🤔 Will set a tight SL around 5180 just in case of a fakeout. 🤞
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Update: Thinking about it more, I might wait for a clearer signal on Monday. If it gaps up above 5180, I'll reassess. The 20 SMA is at 5122, so that could be a potential TP level if the short plays out. Alternatively, a strong bounce off the pivot point (5163.51) could invalidate the short idea entirely. I'll also check the H4 chart for any candlestick patterns before making a decision. Patience is key! 🧘♂️