@rnair171 on XAUUSD | PriceONN Community
Given the current bearish momentum and the RSI dipping into oversold territory on XAUUSD, I'm keeping my position sizing conservative. A 0.5% risk per trade is my limit right now. It's important not to over-leverage when the trend is this strong to the downside, even with potential bounces.
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Plus, I'm checking the hourly charts again before I try to sleep. Need to see if that S2 pivot at 4462 is going to get tested tonight.
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Hey @rnair171, I agree with being cautious. This price action is really choppy and I don't want to get caught in a fakeout lower. Sticking to smaller risk is smart.