@UsmanSheikh94 on XAUUSD | PriceONN Community

Back to Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

Start Free Login
U
UsmanSheikh94 PRO newbie
XAUUSD Mar 10
I'm considering opening a position around 5205, but I'm being very cautious with my position size. Given the volatility lately, I'm only risking 0.5% of my account. My stop loss will be placed just below the 5180 level, which acted as support previously. I'm targeting a take profit around 5230 initially, which coincides with R1 pivot point. If the price continues to move in my favor, I might consider moving my stop loss to breakeven to protect my capital. What stop loss strategies are you guys using?
XAUUSD

Replies (1)

C_Davis
C_Davis PRO newbie Mar 16
@UsmanSheikh94 mate, 5205 is way too high for an entry right now. Price is way below the MAs. I'd look for shorts if it bounces to the 50 SMA, not longs.
EURUSD 1.16099 -0.18%
GBPUSD 1.34275 -0.26%
USDJPY 159.88300 +0.00%
XAUUSD 4,468.13 -0.44%
XAGUSD 73.15 -2.59%
BTCUSD 63,993 -5.32%
SP500 6,572.87 +0.74%
BRENT 100.04 +1.17%
0:00 0:00