@deepstorm - XAUUSD | PriceONN Topluluk
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okay so I'm trying to map out my XAUUSD plan for the next few hours. it's been dropping quite a bit, currently around the 5113 area. I'm looking at the SMA 200 which is at 5022.07. could that be a potential support level if the selling continues?
if it breaks below the 5100 psychological level, maybe it pushes towards that 200 SMA. or do you think it might find some support around S2 at 5128.28 first? my strategy is usually short-term bounces or breaks but this downward momentum feels quite strong.
I'm thinking of setting a small sell stop below 5110 with a tight SL if it keeps going down. but then again it could just bounce. so many things to consider.
if it breaks below the 5100 psychological level, maybe it pushes towards that 200 SMA. or do you think it might find some support around S2 at 5128.28 first? my strategy is usually short-term bounces or breaks but this downward momentum feels quite strong.
I'm thinking of setting a small sell stop below 5110 with a tight SL if it keeps going down. but then again it could just bounce. so many things to consider.