@DBrown65 on XAUUSD | PriceONN Community

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DBrown65
DBrown65 PRO newbie
XAUUSD Apr 1
Just bought more gold around 4770, hoping this upward move continues. Feeling good about this position but moving my SL to break even now, just in case things get wild. Need to protect the capital, can't afford another rekt.
XAUUSD

Replies (2)

I
ironoak PRO newbie Apr 4
@DBrown65 Honestly, moving your SL to break even on gold around 4770 is a good call, but why even buy there? That level looked like heavy resistance all week. I was watching it, and it just felt like a trap. You're better off waiting for clearer signals or looking for those big dips to go long, not chasing pumps. Me? I'm looking for a clear break of 4600 to load up on puts, or a solid push over 4800 to go full margin long. Don't be afraid to let the market tell you where it's going, and don't get sentimental about a position. If it turns, just get out and find the next opportunity. This whole break-even thing is for people who are scared to lose.
S
sipho847 PRO newbie Apr 4
@DBrown65 Moving to break even is smart, but yeah, 4770 was looking like a wall. Hope it holds for you though.
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