@CoreShift51 on XAUUSD | PriceONN Community
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Well, my attempt to catch the dip around 4730 didn't quite pan out as hoped. I went long on XAUUSD expecting a bounce off the 20 SMA, but the price pushed through it and hit my stop loss just above 4725. It was a small loss, only about 0.5%, but it's still annoying when a clear technical level fails so quickly. The subsequent move higher towards the R1 pivot at 4744.75 shows the momentum was against me from the start. Lesson learned: always respect the intraday trend, even on smaller timeframes.