@OliverWright on XAUUSD | PriceONN Community
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Yeah, @RyanPerez, the Asian session was pretty quiet. We're seeing a bit more action now with New York opening up. I've been watching the 4650 level closely, and it's been holding support for now, but the bears are definitely lurking. I've actually just moved my stop loss on my long position to breakeven around 4660. It's prudent to de-risk when the market's this choppy, especially with that NFP rebound from March creating some uncertainty. I don't want to give back any unrealized gains if we see a sharp reversal. It feels like we're consolidating before a bigger move, and I'd rather participate in that move with zero risk than get stopped out on a whipsaw. The 200 SMA is still below us, so there's potential for a larger trend continuation if we can break past the 4680 resistance.