@nomar909 on XAUUSD | PriceONN Community

So, about those Fibs I mentioned... I was looking at the recent swing low around 4440 and the high near 4578. The 0.618 retracement level is coming in around 4500. That's pretty close to the 20 SMA and the S1 pivot point. If price pulls back to that 4500-4510 area, it could be a decent zone to look for long entries if the RSI isn't showing any bearish divergence on the H1 or H4 charts. It's tricky because sometimes the market just blows through these levels, but it's the kind of confluence I'm trying to build my strategy around. Gotta keep practicing.