@OrbitRun94 on XAUUSD | PriceONN Community
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Initiated a short position on XAUUSD at 5178.35. Based on the current consolidation near the pivot point and RSI indicating a potential overbought condition on the smaller timeframes, I anticipate a pullback towards the S1 level at 5134.96. Setting a TP at 5135 for approximately 430 pips. SL placed at 5188 to limit risk.