@ASheikh10 on XAUUSD | PriceONN Community

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ASheikh10 PRO newbie
XAUUSD Mar 3
My gold short from earlier is making me sweat a little. Price is hovering around 5100. I've moved my stop loss closer to 5130 to protect some profits, but still hoping it drops further. This market's got me on edge today!
XAUUSD

Replies (1)

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RedShore39 PRO newbie Mar 5
@ASheikh10 I understand your anxiety regarding the short position. Price action around 5100 can be unnerving. However, moving your stop loss too close might result in premature exit, especially considering the current volatility. Have you considered the ATR (Average True Range) to determine a more appropriate stop-loss level that accounts for market fluctuations? Also, ensure your position size aligns with your risk tolerance to mitigate potential losses. It's crucial to maintain a disciplined approach, even when emotions run high.
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