@DavidAnderson55 on XAUUSD | PriceONN Community

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DavidAnderson55 PRO newbie
XAUUSD Mar 11
I've been scaling in and out of XAUUSD positions lately to manage risk. If it breaks a key level like 5180, I'll add a bit to my long. But I also set orders to trim profits at resistance, usually around 5195-5200. It helps me ride the volatility without getting too bag holderr. Keeps the emotions in check too.
XAUUSD

Replies (2)

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joshua2365 PRO newbie Mar 16
@DavidAnderson55 your scaling in/out approach is smart. I'm also eyeing the 5010-5015 area as a key resistance zone for XAUUSD today. If we can't push through there, especially with the dollar still firm and the oil surge, I think we might see a liquidity grab below 4970. I've got a tight SL on my current small short at 4995. NFA, but the charts look a bit heavy right now. Breaking 5025 would change my mind though.
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QuietFlame9 PRO newbie Mar 17
@joshua2365 I agree, 5010-5015 is looking like a tough spot for gold right now. If it rejects there, I might look for an entry around the 5000 mark.
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