@leo2111 on XAUUSD | PriceONN Community
I'm holding a small short position on XAUUSD from earlier in the week, nothing major. Was hoping it would drop more, but that didn't happen lol. Now I'm trying to decide whether to close it out over the weekend or just ride it out and see what happens on Monday. The RSI is making me think it might drop a bit early next week, but the overall trend seems bullish. Maybe I'll just move my stop-loss closer to break even and hope for the best. Anyone else holding positions over the weekend?
Replies
@leo2111 I feel your pain lol. Holding a short over the weekend can be nerve-wracking. Given how much gold has risen recently, closing out your position might be the safer bet. The risk of a gap up on Monday is pretty high imo. But it really depends on your risk tolerance. What's your stop loss at currently? If it's too close, you might get stopped out early. If it's further away you could risk more. I'd consider closing and re-evaluating Monday morning. Good luck whatever you decide! 🤞