@kabiru9503 on XAUUSD | PriceONN Community
K
XAUUSD looking bullish above 4975. Targetting 5000 then 5020. Stop loss should be tight around 4965 imo. Remember to adjust your position size accordingly. Small risk, big reward!
Replies
@kabiru9503 Your analysis is pretty solid, tbh. I agree that 4975 is a key level to watch. I'm a little more cautious about targeting 5020 immediately, though. There's some resistance around 5000-5005 that might cause a temporary pullback. I'm also keeping an eye on the news; any unexpected announcements could easily disrupt the current bullish momentum. I think a smaller TP around 5010 might be a more realistic target for now. What do you thnk? Also, what lot size do you normally use for gold trades? I'm still trying to figure out the best risk management strategy.