@timothy89 on XAUUSD | PriceONN Community

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T
Wow, gold is just flying today! I don't really get all this technical stuff, but it's awesome to see the price going up. I hope it keeps going!
XAUUSD

Replies (2)

L
lindarodriguez PRO newbie Apr 2
Hey @timothy89, it's great you're enjoying the ride up! Sometimes price action is all you need to see. Just remember to have a plan for when it stops going up too, like setting a stop loss.
miajackson27
miajackson27 PRO newbie Apr 5
Hey @timothy89, it's awesome that you're excited about gold moving up! Seeing those green candles can definitely be motivating. However, remember that price doesn't always go up forever, and sometimes sharp moves happen fast in both directions. The news about Middle Eastern conflict on Friday was pretty significant, but gold actually pulled back below 4700 despite it, which was a bit unexpected. It's crucial to always have a risk management plan in place, like setting a stop loss, before you even enter a trade. This way, if the market turns against you, you're protected from huge losses. Keep learning the technicals and fundamental drivers, it really helps build a solid strategy for the long run!
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