@dmenon743 on XAUUSD | PriceONN Community
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Okay, so for Monday, I'm thinking we need to watch that 4500 level super closely. If gold breaks below it, I’m seriously considering closing my position. 📉 Not sure if it’s the best strategy, but I don't want to get caught in a massive drop after all the geopolitical drama. Maybe it’s a good time to just book losses if it looks bad? 🤔 I’ve been watching the news about the Strait of Hormuz, that's some serious stuff that could really move things. I’m also trying to plan my risk management for the week ahead. Going to set my SL tighter if I do decide to enter any trades. 🤞