@blueMoss2 on XAUUSD | PriceONN Community
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Okay, here's my take on XAUUSD. I'm seeing a potential short opportunity forming on the H4 chart. We've got a bearish divergence on the RSI, and price is struggling to break above the 50 SMA. I'm targeting a move down to the 5160 level initially, with a potential extension to 5150 if momentum continues. Of course, risk management is key. I'll be placing my stop loss just above the recent swing high around 5188. Let's see how this plays out. This is just my personal analysis, not financial advice.