Okay, folks, I've just jumped in with a long position on XAUUSD at 5192! The RSI is screaming oversold on the H4 chart, and it's hovering right around that 200-day SMA. I'm targeting a move back up to at least 5250 for now. Let's see if this golden opportunity pays off! Fingers crossed!
Update on my earlier XAUUSD long position: it's already up a bit! I've moved my stop loss to breakeven at 5192 to protect my capital. Still targeting 5250, but I'll be watching closely for any signs of weakness. May even trail the stop higher if this momentum continues! Feeling good about this one so far!
