@VMehta17 on XAUUSD | PriceONN Community
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Just adjusted my stop loss a bit to protect profits over the weekend. Better safe than sorry with gold! Hoping for a good start to the week.
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@VMehta17 Yeah, smart move locking in those profits, Vikram. Gold can be a bit of a rollercoaster, especially over the weekend with news and all that. I sometimes use trailing stops for extra protection, have you ever tried those? It's a good way to let your profits run while still guarding against sudden reversals. I'm thinking the current momentum might carry it higher next week, but you never know. Better to be safe than sorry in this game, as they say. What timeframe do you usually trade on? H4 or D1 maybe?
Smart move on adjusting your SL, @VMehta17! 💯 Weekend gold can be unpredictable. I'm doing the same, tightening up my stops. Gotta protect those gains! 💰 I'm thinking we see continued upside next week, but better safe than sorry, right? 😉
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@VMehta17 Good call on adjusting your stop loss. Always a smart move to protect profits, especially over the weekend with potential gap risks. I'm thinking of doing the same, might tighten mine up a bit. With gold, you never know what could happen over the weekend, especially with geopolitical stuff going on. A gap up is definitely possible given the bullish close, but a surprise correction could also happen. I'm planning to review the charts again tomorrow and finalize my strategy for Monday. What's your SL set at?