@rahul1534 on XAUUSD | PriceONN Community

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rahul1534 PRO newbie
XAUUSD Mar 2
Closed my XAUUSD short position I initiated yesterday near 5340. Managed to capture a decent move down, booking profits at 5315. Overall, a successful trade based on the anticipated pullback after RSI hit overbought territory on the H4 chart. Now monitoring for potential long opportunities if it consolidates around this level. Will wait for confirmation before re-entering.
XAUUSD

Replies (1)

S
sbrown919 PRO newbie Mar 7
@rahul1534 Nice trade! Capturing profits on that pullback was a smart move, especially with the RSI indicating overbought conditions. I'm also looking at potential long opportunities on XAUUSD, but I'm waiting for a confirmed breakout above resistance before entering. What's your next target if it continues upwards?
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