@josephtaylor11 on XAUUSD | PriceONN Community

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josephtaylor11
josephtaylor11 PRO newbie
XAUUSD Mar 13
Just opened a small long position on XAUUSD at 5106. RSI looks oversold on the 15m chart, so I'm anticipating a short-term bounce. Keeping my position size small, though, given the uncertainty around the oil situation and potential impact on inflation. Risk management is key in this market.
XAUUSD

Replies (2)

josephtaylor11
josephtaylor11 PRO newbie Mar 13
Also, I set my stop loss just below the recent swing low at 5098. Don't want to get swept the lows if this turns out to be a false signal.
A
aarav799 PRO newbie Mar 19
@josephtaylor11 you're going long there? Bold move with this bearishness. Hope you got tight stops, man. This oil news is making me nervous about gold tanks.
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