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Anyone else notice XAUUSD struggling to break above 5195? It's tested that level a few times today but keeps getting rejected. Could be a strong resistance point. I'm thinking of setting a short position with a tight stop loss just above that. Thoughts?
@kevin1989 That 5195 level does look pretty strong, doesn't it? I've noticed it bouncing off that area a few times myself. A short position with a tight stop loss sounds reasonable, but I'm still a little hesitant to go against the overall upward trend. Maybe wait for a clearer signal before jumping in? Just my two cents, I'm still learning all this stuff.
