@chloemusic on XAUUSD | PriceONN Community
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Just entered a short position on XAUUSD at 4455. The 50-day SMA is acting as resistance here, and the H4 chart is showing some bearish divergence on the RSI. My target is around the S1 pivot at 4428, with a stop-loss just above the 20-day SMA at 4485. This feels like a good risk/reward setup given the current price action.