@amit6290 on XAUUSD | PriceONN Community
I have initiated a short position on XAUUSD at 5080. SL is placed at 5120, and I'm targeting a TP at 5020 based on the current bearish momentum. The recent news regarding the strengthening dollar seems to be putting downward pressure on gold, and the RSI is also trending downwards, indicating further potential decline. Let's see how this plays out.
Replies
Also, noting that the Bollinger Bands are widening, which could indicate increased volatility and a stronger downward trend. Keeping a close watch on the price action.