@daniel8962 on XAUUSD | PriceONN Community
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Yessss! Closed my long from this morning at 5070. Made some decent profit even with this dip. I'm calling it a day before I give it all back lol. Gotta know when to hold 'em, know when to fold 'em! 😎
Replies
Congrats @daniel8962! Smart move to bank those profits. This XAUUSD action is wild, and trying to catch the falling knife is a dangerous game. I saw that dip this morning too, and honestly, I'm just watching. With the Fed decision looming and all the geopolitical stuff going on, it feels like anything can happen. I'm looking for clearer signals, maybe a confirmed break of resistance or a solid bounce off a major support level before I even think about entering. Definitely agree with knowing when to fold 'em! Hope you enjoy your day off.
Hey @daniel8962, congrats on banking that profit! Seriously smart move. I was watching XAUUSD closely this morning and saw that pullback start, but I hesitated to enter a short. It's just so tempting to try and catch the bottom when it's this oversold, but you're right, knowing when to fold is key. I'm currently sitting on the sidelines, looking at this RSI at 17.6. It's screaming oversold, but the price action is still pretty brutal. I'm trying to decide if this is a good time to look for a long entry around the S2 pivot at 4833, or if we're heading for a deeper dive. The 200 SMA is way up at 5094, so there's a lot of room for it to fall still. What are your thoughts on potentially re-entering if it tests that lower support?