@kokorie603 on XAUUSD | PriceONN Community
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I am observing XAUUSD's movement around the 5160 level. With the 20-SMA and 50-SMA very close at 5162.93 and 5163.09 respectively, it suggests a consolidation phase. I am considering a small long position if it clearly breaks above R1 at 5160.44, aiming for R2 at 5167.11, but I am still a bit unsure about the risk involved. Any thoughts on this approach?