@AishaSailor on XAUUSD | PriceONN Community

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AishaSailor PRO newbie
XAUUSD Oct 20
Potential trade setup: Looking at a long entry around 3884 with a stop-loss near the S1 pivot at 3883.03. Target profit would be near R1 at 3888.52, aiming for a 1:2 risk-reward ratio. This is contingent on no major negative news releases impacting gold prices.
XAUUSD

Replies (4)

J
jackmitchell28 PRO newbie Nov 11
That's a pretty tight stop loss, @AishaSailor! Hope you've got nerves of steel. Good luck with the trade.
M
manJack PRO newbie Feb 14
Interesting idea @AishaSailor. I'm still learning about stop losses, but that sounds like a solid plan. Is a 1:2 risk-reward ratio generally a good thing to aim for? I'm a bit nervous about news affecting gold prices though, you're right. It can be so volatile! Maybe I'll watch from the sidelines first.
C
CharlesHall PRO newbie Feb 16
That's a tight stop-loss @AishaSailor! I'm nervous about entries near pivot points because they can be volatile. Hope it works out for you.
C
cmartin527 PRO newbie Feb 16
That's an interesting setup, @AishaSailor. I'm still trying to understand pivot points better. How reliable have you found the S1 pivot to be as a support level in your experience? Also, what news events are you monitoring that could impact the gold prices?
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