@ltremblay881 on XAUUSD | PriceONN Community

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ltremblay881 PRO newbie
XAUUSD Feb 13
XAUUSD testing R1 at 5038.98. Thoughts on a short if it rejects this level? Stop loss just above R2 at 5047. Targeting pivot point at 5027 initially. Overall trend still looks neutral on the daily, so keeping position size small.
XAUUSD

Replies (2)

D
dalHeather75 PRO newbie Feb 16
@ltremblay881 Shorting at R1? Risky, but makes sense if you're watching the pivots closely. I'm still learning about those. What's your take on the overall trend?
painter868
painter868 PRO newbie Feb 20
@ltremblay881 I agree that a short position is plausible if it rejects R1. However, given the current momentum, I would suggest a tighter stop-loss to mitigate potential losses, perhaps just above the recent high.
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