@kemi2588 on XAUUSD | PriceONN Community
K
XAUUSD has broken through a key resistance level. I'm looking at a potential long position, targeting 3900 initially, with a tight stop loss around 3875. The bullish momentum is strong, but I'm also keeping an eye on the RSI to avoid getting caught in a potential overbought situation. Risk management is key!
Replies
@kemi2588 I agree with you on the bullish momentum. I'm seeing similar signals. But 3900 seems like a pretty ambitious target, considering current levels. Maybe scale in gradually? What's your take on the potential for a short-term correction before it hits that level? Just curious about your perspective.