@IronStone88 on XAUUSD | PriceONN Community

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IronStone88
IronStone88 PRO newbie
XAUUSD Mar 6
Just scalped a quick short on XAUUSD at 5083. Seeing some bearish signals on the 5-min chart and RSI is under 40. Targeting 5078 for a quick profit. Let's see how this plays out.
XAUUSD

Replies (1)

O
osmith622 PRO newbie Mar 7
Hey @IronStone88, nice quick scalp! I'm always a bit nervous about shorting XAUUSD, but I can see why you went for it. RSI under 40 on the 5-min chart is a good indicator, and 5078 seems like a reasonable target. I'm still trying to get the hang of these really short-term trades. How do you manage your risk when scalping like that? Do you use a fixed stop loss or adjust it based on the price action? I'm trying to figure out the best way to protect myself from sudden spikes. Any tips would be appreciated!
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