XAUUSD – watching for a potential short. RSI is neutral but the price is struggling below the 20-day SMA. If it fails to break above 4300, I'll be looking for an entry around 4280 with a tight stop loss. Targeting 4220 initially.
Update: Entered short at 4278. Let's see if it holds. Risk management is key.
C
cwilliams593PROnewbieDec 16
@mmorris794 I hear you on the short setup, Mia. 4280 is a good level to watch, but with the current momentum, I'd be cautious about a tight stop. Could easily get wicked out before the real move. Maybe consider widening it slightly to account for the volatility?