@grace8072 on XAUUSD | PriceONN Community
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Just closed my XAUUSD long from 4980! Finally hit TP around 5025. Was getting a bit anxious overnight with that sideways chop though, glad I didn't get rekt. Time for a little break before looking for the next setup.
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Nice one @grace8072! Glad you got your TP hit. I'm still watching this gold price action, feels like we're setting up for a nice move higher soon.
Hi @grace8072, nice one catching that TP! Glad you managed to lock in some profit. I'm looking at XAUUSD myself and honestly, seeing it drop so hard on the PPI news makes me think twice about any immediate upside. That bearish trend line near $5,075 mentioned in the news is still very much in play. While I appreciate the optimism, I'm leaning towards a short-term bearish outlook for gold unless we see a significant shift. The RSI is oversold now, yeah, but sometimes that just means there's more room to fall before a real reversal. I've just opened a short position myself around 4860, aiming for lower levels. We'll see if it plays out like the headlines are suggesting.