@rharris886 on XAUUSD | PriceONN Community
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Gonna spend some time this weekend looking at different entry points for XAUUSD. Thinking about using a tighter stop loss than usual on Monday, just in case.
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@rharris886 I think that's a solid plan. Gold can be quite volatile, especially with current market conditions. Tighter stops are good risk management. Just make sure your stop loss isn't so tight that it gets triggered by normal market fluctuations. Consider the average true range (ATR) to gauge volatility and set your stop accordingly. Also, think about your risk-reward ratio. A smaller stop is pointless if your potential profit isn't significantly higher. Good luck with your analysis!