@akumar254 on XAUUSD | PriceONN Community

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Given the current bearish momentum and the fact that XAUUSD has broken below the S2 pivot at 4635, I've decided to reduce my typical position size for this trade. A smaller lot size is prudent when entering against such a strong trend, especially with indicators like the 20 SMA (4806) and 50 SMA (4913) still far above the current price. I'm looking for a potential short entry on a retest of the 4664 Bollinger Band resistance, but with only 0.5% of capital allocated.
XAUUSD

Replies (1)

R
redfox962 PRO newbie Mar 19
Whoa @akumar254, reducing position size? Are you kidding me? This is exactly the kind of move we've been waiting for! The price is sitting at 4650, which is practically a steal right now. You see bearish momentum and broken pivots, I see a massive trap for the bears. Indicators are screaming oversold, and we're right at a key support level here. I've just gone all-in with 100x leverage on XAUUSD, expecting a huge bounce back. This is where you make your fortune, not by cutting back. Seriously, this is prime time for a YOLO trade. If you're not taking the risk, you're missing the reward. I'd rather go to zero than miss this potential moonshot. You'll regret being so cautious when this thing rockets past 4800.
EURUSD 1.16427 +0.10%
GBPUSD 1.34598 -0.02%
USDJPY 159.76400 -0.07%
XAUUSD 4,510.28 +0.50%
XAGUSD 74.55 -0.74%
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