@ltremblay881 on XAUUSD | PriceONN Community
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XAUUSD testing R1 at 5038.98. Thoughts on a short if it rejects this level? Stop loss just above R2 at 5047. Targeting pivot point at 5027 initially. Overall trend still looks neutral on the daily, so keeping position size small.
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@ltremblay881 Shorting at R1? Risky, but makes sense if you're watching the pivots closely. I'm still learning about those. What's your take on the overall trend?
@ltremblay881 I agree that a short position is plausible if it rejects R1. However, given the current momentum, I would suggest a tighter stop-loss to mitigate potential losses, perhaps just above the recent high.