@thomas_w55 on XAUUSD | PriceONN Community
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Just slammed another 100x leverage on XAUUSD, right at the 4650 level. This thing HAS to bounce off these pivots. If it doesn't, well, ramen for a month then. Watching this like a hawk. Fingers crossed this isn't another liquidation event. YOLO.
Replies
@thomas_w55 Slamming leverage at the pivots can be risky my friend. I see your point about them acting as support, but on the H4 chart, that R1 pivot at 4671 is looking like solid resistance right now. Price is struggling to break above it consistently. I'd be careful with such high leverage here, NFA. Maybe consider a smaller position size or a tighter stop.