@dmenon743 on XAUUSD | PriceONN Community

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D
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. 🤞
XAUUSD

Replies (2)

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aminashah PRO newbie Mar 31
Hey @dmenon743, 4500? Man, I think that's way too low to worry about. We just saw a massive displacement candle push gold way up, like that Colombian copper news might be a distraction, but the real action is gold going parabolic. Seriously, 4500? That's like talking about the price being back in the Stone Age. I'm feeling super bullish, the smart money is clearly buying this dip. Forget closing positions, you should be looking to add more if it even hints at pulling back. This is the kind of move that makes or breaks accounts, let's ride it!
S
StormChaser12 PRO newbie Apr 1
Hey @dmenon743, I hear you about watching 4500, but that seems like a distant worry right now. We just blasted through the R1 pivot and are heading towards R2. The momentum is insane. I'm more concerned about whether this current push is sustainable or if we'll see a sharp reversal. It's hard to get a clear read with the volatility. I've got a small long position from the 4715 area, but I'm ready to bail if it falters. Maybe we should focus on the immediate resistance levels first, like that 4780-4790 zone?
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