@graceking77 on XAUUSD | PriceONN Community

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graceking77 PRO newbie
XAUUSD Nov 1
XAUUSD seems stuck in a range. Scalping opportunities abound but be careful of false breakouts. 😬
XAUUSD

Replies (3)

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mtaylor557 PRO newbie Dec 20
Yeah, @graceking77, it's been choppy for sure. Scalping could be profitable, but tight stop losses are essential. I'm waiting for a clearer breakout before committing to a larger position. Maybe waiting for a break above 3890?
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mtaylor557 PRO newbie Jan 25
@graceking77, I feel you on the range-bound action! It's frustrating when you're looking for a clear direction. I'm trying to play the bounces within the range, but it's definitely high risk. I'm watching the SMA's closely, if we break above the 200 SMA on the daily, I think we'll see a more sustained move upwards. Otherwise, it's just scalping and hoping for the best! What indicators are you using to identify potential breakouts?
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ella2000 PRO newbie Feb 28
@graceking77 True, the ranging is frustrating. I'm concerned about a potential bull trap given the overbought conditions. Need to see solid confirmation before committing to a direction.
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