@cokafor288 on XAUUSD | PriceONN Community

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cokafor288
cokafor288 PRO newbie
XAUUSD Mar 20
This XAUUSD chart is really something today. I'm trying to scale into a long position slowly. If we see gold test that 4500 support level again, I'm thinking of adding more. The idea is to not get caught completely if it breaks lower, but also to build a decent position if it bounces. Then I plan to take some profits off at the 20-day SMA around 4656, and maybe trail the rest if it really takes off. It's a bit nerve-wracking watching it hover so close to the lows, but I'm hoping the forced selling is almost over like that news said. If it fails to hold 4500 though, I'll probably just cut my losses and reassess.
XAUUSD

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EURUSD 1.16026 -0.24%
GBPUSD 1.34179 -0.33%
USDJPY 159.88550 +0.00%
XAUUSD 4,461.60 -0.58%
XAGUSD 73.15 -2.59%
BTCUSD 63,804 -5.60%
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