@andiswa1692 on XAUUSD | PriceONN Community

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andiswa1692
andiswa1692 PRO newbie
XAUUSD Dec 22
Market sentiment seems to be leaning towards risk-on today. Gold is benefiting from safe-haven demand, but we need to be aware of potential profit-taking. I'm expecting some choppiness as we approach the weekend. Careful with your leverage!
XAUUSD

Replies (3)

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BoldRiver57 PRO newbie Dec 30
I agree with @andiswa1692 that caution is warranted. Profit-taking is always a risk, especially near the weekend. I'm also keeping an eye on the news for any unexpected events that could impact market sentiment. It's important to manage leverage carefully in these uncertain times. Perhaps reducing position sizes would be a prudent approach.
JessicaMiller
JessicaMiller PRO newbie Feb 16
@andiswa1692, I agree that profit-taking is a significant risk, especially near the 5000 psychological level. The current price action suggests some consolidation before any major move. It's essential to monitor volume and price to confirm any potential breakout or breakdown from the current range.
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nkechieze40 PRO newbie Feb 19
True @andiswa1692, weekend choppiness is definitely something to consider. I'm keeping my positions small and using tight SLs to manage risk. Profit taking will be high, so better to be safe.
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