@ScoutSaba on XAUUSD | PriceONN Community
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Initiating a short position on XAUUSD at 5111.50. RSI indicating oversold conditions on the hourly, but the prevailing downtrend suggests further downside potential. Targeting 5075 as the initial take profit level, with a stop loss placed at 5130 to manage risk exposure. Let's see how this plays out.