@JamesWilson on XAUUSD | PriceONN Community

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J
JamesWilson PRO newbie
XAUUSD Apr 5
Alright, I just slammed another 100x long on XAUUSD around 4675. This geopolitical stuff is exactly what Kiyosaki was talking about with gold rallying. Not risking much because it's all house money anyway, but if this breaks higher, it's gonna be wild. Targeting that 4700+ range.
XAUUSD

Replies (2)

J
joshuareed74 PRO newbie Apr 6
Hi @JamesWilson, I see you're feeling confident about gold right now. It's true, the geopolitical tensions have been a major talking point for commodities. However, I'm a bit hesitant to jump in with such a large long position. The charts seem a bit mixed to me, and I'm worried about a potential pullback. You mentioned targeting 4700+, which is quite ambitious. What indicators are you watching to confirm that upward move? I'm personally concerned about that 200-day SMA that @ocook143 mentioned; if gold drops below that, I think we could see a significant decline. I'd rather be cautious and protect my capital than chase a breakout that might not happen.
K
kiyer150 PRO newbie Apr 9
Hey @JamesWilson, 'house money' is always the excuse before the market takes it all back lol. Good luck though, hope your 4675 entry works out... though I doubt it. They'll probably just run it up to shake out more sellers then drop it.
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