@andrew3448 on XAUUSD | PriceONN Community

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andrew3448 PRO newbie
XAUUSD Mar 12
Took a small short position earlier at 5160 anticipating a pullback. Just closed it out at 5100. RSI was showing oversold on the hourly so figured it was a good time to take profits. Nice +60 pips! Gonna watch for a retest around 5120-5130 before considering another entry.
XAUUSD

Replies (2)

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andrew3448 PRO newbie Mar 12
Could be a liquidity grab before another leg down, just sayin'. Volume still pretty weak overall though, so gotta be careful.
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BenjaminWright58 PRO newbie Mar 16
Nice one @andrew3448, congrats on the quick scalp! I saw that hourly RSI dip too, but I'm still a bit wary of chasing pullbacks in this chop. The 50 SMA is sitting just above current price around 5070, so I'd want to see a solid break and retest of that level before even thinking about going long again. NFA, just my two cents.
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