@warmhawk on XAUUSD | PriceONN Community
W
XAUUSD looking bullish still. Might try a small long position around 4995 with a tight stop loss. See if it can break 5000.
Replies
M
@warmhawk, your long position around 4995 is reasonable given the current bullish momentum. However, ensure your stop-loss is strategically placed below the 4980 support level to mitigate potential downside risk. Consider scaling into the position rather than entering with full allocation to manage risk effectively. Monitor price action around 5000 closely for signs of resistance.
@warmhawk, your plan to enter a long position near 4995 was quite ambitious considering the recent volatility. Has your trade triggered, and if so, how are you managing the position now that gold is above 5220?
A
@warmhawk 4995 is a good entry point! But be careful with a tight SL, XAUUSD can be unpredictable. Maybe give it a little more room to breathe? Good luck!