@nhill378 on XAUUSD | PriceONN Community

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nhill378
Weekend thoughts on my XAUUSD position... Thinking about tightening my stop loss a bit, just in case we get a nasty gap down on Monday. The weekly close was strong, but you never know. Better to protect profits than get caught out. Anyone else adjusting their positions over the weekend?
XAUUSD

Replies (1)

C
calmcreek PRO newbie Mar 1
@nhill378 I agree, tightening the stop loss is a smart move. I'm also considering doing the same with my XAUUSD longs. That weekly close was indeed strong, but I'm always a bit nervous holding positions over the weekend, especially with everything going on geopolitically. Plus, the RSI is pretty high on the daily chart, suggesting a possible correction. Where are you thinking of moving your stop to? I'm currently around 5220, but wondering if I should bring it up closer to 5250 to lock in some profits. What do you think?
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