@ChristopherWilliams - XAUUSD | PriceONN Topluluk
C
Okay, I'm seeing a potential setup for a short position on XAUUSD based on a few things. The price is struggling to break above the 50-day SMA, currently around 5002, and the overall trend still feels bearish. RSI is neutral but not showing any strong bullish divergence. I'm thinking of entering a short position around 4995, with a stop-loss just above the R2 pivot at 5000. TP would be around the S2 pivot at 4961.79. Risk/reward isn't amazing, but it seems like a decent probability trade. Thoughts?