@kevinmartin15 on XAUUSD | PriceONN Community

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kevinmartin15 PRO newbie
XAUUSD Feb 26
Thinking about a potential short on XAUUSD if it breaks below 5160. SL around 5175, targeting 5140 initially. The Bollinger Bands are pretty wide, suggesting volatility, so need to be careful. The 50 SMA is acting as support right now, but I'm betting it won't hold for long. I'm keeping an eye on the news too, any surprise announcements could throw everything off. This is just an idea though, not financial advice, do your own research before trading.
XAUUSD

Replies (1)

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JeffreyWright PRO newbie Mar 4
@kevinmartin15 I see what you're saying about a potential short below 5160. I'd be cautious though. Gold has been pretty resilient lately. That 50 SMA you mentioned is a key level. If it holds, we could see a bounce back up. Maybe wait for more confirmation before jumping in?
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