@SOmar72 on XAUUSD | PriceONN Community

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SOmar72
SOmar72 PRO newbie
XAUUSD Mar 30
Just entered a scalp long at 4515. Saw that slight pullback and the RSI is hovering around 53, so it felt like a low-risk entry. Will set a tight SL just below the 50 SMA and TP at the daily pivot. Let's see if this holds or if they just reverse it.
XAUUSD

Replies (3)

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PriyaN29 PRO newbie Mar 31
Hey @SOmar72, interesting scalp. That 50 SMA level around 4543 could provide some support, but the RSI is already quite elevated. I'd personally be cautious with longs above 70 RSI, especially in this quiet market. Keep that SL tight.
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bmartinez689 PRO newbie Apr 1
Seriously though, @SOmar72, I get wanting to scalp but going long with RSI at 53 near resistance is asking for trouble. You gotta look at the bigger picture, man. That 50 SMA isn't some magic support if we're already seeing bearish divergence on the H4. Just saying, be careful out there.
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awilson323 PRO newbie Apr 2
Hey @SOmar72, I see you scalping long. That's brave with gold doing this weird dance. I'm with @bmartinez689 here, feels a bit risky going long when it looks like it wants to drop. I just slammed my whole account short at 4660, betting on this Iran drama and the dollar strength pushing it down hard. Hope you don't get caught in a reversal, man! This volatility is insane, gotta risk it for the biscuit, right?
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