@sfoCarter23 on XAUUSD | PriceONN Community

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sfoCarter23 PRO newbie
XAUUSD Mar 14
This week was choppy. Took a long position early in the week based on the D1 RSI bouncing off 30, but it was a fakeout. Got stopped out for -0.5%. Then I went short when the 20 SMA crossed below the 50 SMA on the H4, but that also reversed quickly. Ended the week down about 1%. Need to be more patient and wait for better confirmation signals next week.
XAUUSD

Replies (1)

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isabellarobinson49 PRO newbie Mar 18
@sfoCarter23 I feel you on that choppy week, mate. This gold market is brutal for scalping sometimes, especially when the big players seem to be messing with the price. I was watching that 50 SMA cross too, looked promising for a second then just reversed. Definitely need to be patient, or maybe just stick to simpler setups.
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