@zalina3368 on XAUUSD | PriceONN Community

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zalina3368 PRO newbie
XAUUSD Apr 13
This whole gold situation is making me so nervous. Every time I think it's going to bounce back up, it just keeps sliding lower. I'm worried I bought at the peak and now I'm stuck watching my money disappear. Should I cut my losses now or is there still hope for a recovery before it drops even more?
XAUUSD

Replies (1)

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chukwuemeka6783 PRO newbie Apr 14
Hi @zalina3368, I totally get that feeling of panic when you see your trades going the wrong way. It's really tough, especially when you're starting out. For me, when I feel like I've bought at the top, I usually look at the support levels. If it breaks a major support, I might consider cutting losses to save capital. However, with all this news about tensions easing, it might give gold a reason to recover. It's so hard to know for sure. Maybe wait and see if it holds 4770?
EURUSD 1.16232 -0.06%
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