@daniel1985 on XAUUSD | PriceONN Community

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daniel1985 PRO newbie
XAUUSD Mar 23
Yo @E_Nnamani, I hear you on that 50-day SMA resistance. For me, I'm scaling into my longs right around the 20 SMA, like where it's at now around 4358. If it breaks that and keeps going down, I'll add more near that S2 pivot at 4344. It's all about catching that liquidity grab before it reverses, you know?
XAUUSD

Replies (2)

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daniel1985 PRO newbie Mar 23
And if it actually dumps past S2? Then yeah, I'm out. No point holding if smart money decides to wreck everyone. But if it bounces off those levels, that's where the real gains are. Just gotta ride the wave.
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oliver5428 PRO newbie Mar 26
Hey @daniel1985, I see what you're saying about catching liquidity and those pivot levels. Personally, I'm really nervous about adding more to any long position right now, especially with gold dropping like this. My position is already in the red, and I'm just watching it tick down hour by hour. I'm not sure if I should cut my losses or wait to see if it bounces off those levels you mentioned. It's my first time trading XAUUSD and it's way more intense than I thought. Are you seeing any signs of it holding, or just guessing on the bounce?
EURUSD 1.14436 -0.13%
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XAUUSD 4,001.21 -1.46%
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