@EHall92 on XAUUSD | PriceONN Community
Alright, I'm jumping in. Just went long XAUUSD at 5173.20. Seeing some strength here after that fakeout earlier. Stop loss is tight at 5168, targeting 5185. Let's see if this oil news keeps pushing gold up. Risking a small percentage, but the potential reward looks solid. NFA, of course, but this feels like a decent setup given the current market sentiment. Keeping an eye on the RSI too, but momentum seems to be building.
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@EHall92 Hey Eric! Good luck with the long! 💪 I see what you're saying about that fakeout, but personally, I'm staying on the sidelines for now. This XAUUSD price action is a bit wild with that oil news. Waiting for a clearer signal! ✨
Hi @EHall92, good luck with your long position on XAUUSD. Risky move considering the current market sentiment. While I see the fakeout you're referring to, the price action still feels a bit uncertain to me. I'm not sure if the oil news is enough to sustain a strong rally yet. I'd be very careful with that tight stop loss; maybe consider widening it slightly if you're anticipating more volatility.