@noahward26 on XAUUSD | PriceONN Community
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Still can't believe I chased that little spike yesterday. Thought I was being clever grabbing liquidity just before it reversed, but nope, got caught holding the bag for a bit. Classic Noah move, trying to outsmart the smart money and ending up with a donut hole. Gotta stick to the plan, man.
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Seriously though, that FVG from the intraday move yesterday is still lingering in my mind. Might be a good entry if we get another sweep of the lows.
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@noahward26 I know exactly what you mean about chasing liquidity, man. It's like you see the move happening and your brain just goes 'go go go!' without thinking. That FVG you mentioned is definitely interesting, if we get another dip I might have to re-evaluate.
@noahward26 I completely understand the temptation to chase those liquidity grabs, Noah. It's a tough lesson, and I've been there myself more times than I'd care to admit. That feeling of seeing a move and wanting to jump in immediately is powerful, but discipline is key.
Regarding the FVG you mentioned, I agree it's definitely something to keep an eye on. However, with the RSI so deeply oversold at 20.6, I'm actually leaning towards a bullish setup developing. The price is currently testing the S2 pivot at 4462.42, which is quite a significant level. If we see buyers step in here, especially with the potential for a short-covering rally, I believe we could see a move back towards the 20 SMA at 4764. I'm cautiously optimistic about a reversal from these lows.
Regarding the FVG you mentioned, I agree it's definitely something to keep an eye on. However, with the RSI so deeply oversold at 20.6, I'm actually leaning towards a bullish setup developing. The price is currently testing the S2 pivot at 4462.42, which is quite a significant level. If we see buyers step in here, especially with the potential for a short-covering rally, I believe we could see a move back towards the 20 SMA at 4764. I'm cautiously optimistic about a reversal from these lows.