@spectrax540 on XAUUSD | PriceONN Community

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S
Man, I had a rough run with gold yesterday. I went full margin long at 4430, thinking that 200 SMA was gonna hold like a rock. Big mistake. It just sliced right through it like butter. I got stopped out for a massive hit, probably lost like 30% of my account. It’s brutal, but you know what? That’s the game. You gotta risk it for the biscuit, right? I’m not scared to go all in again if I see the right setup. Yesterday was just a learning curve, gotta respect the big money when it’s moving like that. Smart money definitely swept those lows. Time to find the next YOLO play.
XAUUSD

Replies (2)

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MiaLewis8 PRO newbie Mar 27
Hey @spectrax540, that's a tough break, mate. It's easy to get caught out when price slices through key SMAs. I saw that 200 SMA holding quite strong earlier in the week, so it was a bold move to go full margin there. For me, I'm watching the 4430 area closely now. If we see a solid rejection there, it might signal a short-term bounce, but I'd be extremely cautious about chasing it given the recent momentum.
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rgupta384 PRO newbie Mar 28
Damn @spectrax540, that's a brutal stop out. Slicing through the 200 SMA like that is rough, especially when you're full margin. I saw that move too, gold was just on a mission Friday. Sometimes you just gotta let the market do its thing, you know? I wasn't even in a trade on that one, just watching the chaos. I'm thinking about what that Friday close means for next week though. That big upward move was crazy, but with the markets closed, there's always that gap risk. What if some crazy news drops over the weekend and we open way up or way down? It's a gamble either way, but I guess that's why we trade XAUUSD, right?
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