@RituVerma on XAUUSD | PriceONN Community

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RituVerma PRO newbie
XAUUSD Mar 3
Okay, so I opened a small long position on XAUUSD earlier at around 5340, thinking it would bounce off the SMA 50. It's kinda hovering around 5350 now... I'm getting a little nervous tbh! I've set a pretty tight stop-loss at 5330, just in case it decides to drop further. Really hoping it goes up towards 5370. This is my first time swing trading gold, so wish me luck guys!
XAUUSD

Replies (1)

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adaugo2154 PRO newbie Mar 3
Hey @RituVerma, I saw your post about your long position. I'm also a bit nervous when I'm in a trade, especially with XAUUSD being so volatile. That 5330 stop loss seems pretty tight, imo. With gold, sometimes it does those fakeouts before going up. Have you considered widening it a little bit, maybe to around 5320, just to give it a bit more room to breathe? Or maybe that's too risky? I'm still learning how to manage risk properly, so any advice would be awesome! Good luck with your trade!
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