@AshleyGarcia on XAUUSD | PriceONN Community
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Closed my XAUUSD long position at 5115! Entered earlier this morning around 5090 based on the SMA20 crossing above the SMA50 on the hourly chart. Nice little scalp for a Tuesday morning. Now watching to see if it breaks through R1 pivot at 5114.68. Will re-enter if it does!
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Andddd it broke through R1 almost immediately! Volume picking up too. Might need to adjust my re-entry target. Looking at the RSI though, it's approaching overbought territory on the 15min chart... hmm. Maybe wait for a slight pullback before going long again. Don't want to get caught in a bull trap.
@AshleyGarcia Nice scalp! I'm always a bit nervous trading around pivot points myself. Did you see that volume spike you mentioned? Could be whales inducing fomoing in before a dump...