@jwilson132 on XAUUSD | PriceONN Community
Okay, I've just opened a small long position on XAUUSD at 5176.30. I'm setting a relatively tight stop-loss at 5169.00, just below the potential double bottom support. My initial target is 5190.00, which is near R1 pivot point. I'm basing this trade primarily on the technical setup I mentioned earlier, but I'm also considering the possibility of a short-term bounce given the oversold conditions. I'm aware that the market is volatile right now, especially with the fed chair coming, so I'm keeping the position size small to manage risk. if it hits my stop, it hits it. gotta be okay with that. let's see what happens...