@skier205 on XAUUSD | PriceONN Community

Considering a long position on XAUUSD if it can break the R1 pivot at 5156.06. My analysis shows a potential for further upside. The RSI is still below 60, so there is room to grow. I'll set a tight stop-loss just below the pivot point to manage risk. Targetting R2 at 5166.6 initially. I'll monitor the price action closely around that level. Need to calculate the risk reward ratio carefully. What do you think of this?