@andrew3621 on XAUUSD | PriceONN Community
A
Alright, here's my play for the coming week. I'm looking for a shorting opportunity on XAUUSD. The overall trend is clearly bearish, and those SMAs are providing resistance. I'll be watching for a retest of the 4920-4930 area. If we get a clear rejection there, I'm going short with a target around 4850. Stop loss will be just above the 4940 level. It's a risky trade, but the potential reward is worth it imo. Gotta be quick though, this could turn around fast.