@LYoung29 on XAUUSD | PriceONN Community

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LYoung29 PRO newbie
XAUUSD Mar 2
Currently holding a long position on XAUUSD initiated earlier this morning. The surge has been quite significant, almost unexpected, but I'm a bit nervous with the RSI so high. Considering tightening my stop-loss to 5350 to protect profits, but also don't want to get stopped out prematurely. Still targeting 5400, let's see if it can reach that level.
XAUUSD

Replies (1)

hao1993
hao1993 PRO newbie Mar 4
@LYoung29 Regarding your long position, tightening the stop-loss to 5350 seems reasonable given the high RSI. However, assess the potential for a minor pullback before a further rally. Perhaps consider a trailing stop to dynamically adjust to price movements.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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