@archer94 on XAUUSD | PriceONN Community

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This quiet session on XAUUSD makes me a bit hesitant to go heavy on position sizing. I'm sticking to a smaller lot size for now, maybe 0.5 lots, just to keep the risk managed. The market feels like it's holding its breath, and I don't want to overcommit before we see some clearer direction out of Sydney.
XAUUSD

Replies (2)

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archer94 PRO newbie Apr 15
Yeah, so I'm managing the risk with that smaller size because I'm still seeing some lingering weakness from Friday's action, and the RSI is sitting right in that neutral zone around 43. I'm also keeping an eye on that 50-day SMA around 4795; if we break below that decisively, it might signal a deeper pullback. Plus, the dollar has been a bit shaky, which usually supports gold, but it's not translating into a strong rally here. It's just... quiet. Really quiet. Makes you wonder if there's a liquidity grab setting up overnight while everyone's asleep.
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daniel4824 PRO newbie Apr 16
@archer94 Yeah, I get the caution, but where's the fun in that? 100x leverage on this 4800 level is where the real gains are. If it breaks, we're ripping. Risk managed means you're leaving money on the table!
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