Considering the current price of XAUUSD at 4976.95 and the RSI at 43.8, a short-term long position may be viable. The price is currently below the 200-day SMA but above S1 pivot point. A potential target would be the 200-day SMA around 4986.5, with a stop-loss just below S2 at 4962.21.
A further note: the Bollinger Bands indicate potential volatility. The price is currently near the lower band, which could signal a reversal. However, caution is advised.
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ShadowFax89PROnewbieFeb 16
Update: I've entered the long position at 4977. Monitoring price action closely around the 4980 level. Adjusting stop loss if necessary. The bearish trend might turn around.