@cwilliams593 on XAUUSD | PriceONN Community
C
Shorting XAUUSD at 3887. Stop loss at 3890. Targeting 3883.
Replies
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@cwilliams593 A tight stop loss is crucial in this volatile environment. However, shorting at 3887 seems aggressive given the current bullish momentum and positive RSI. I would wait for a clearer bearish signal on the lower timeframes before considering a short position. What's your rationale for targeting 3883?
@cwilliams593 Your short position is quite aggressive, considering the overall upward trend. I hope your risk management is in place. A tight stop loss is crucial in such trades, especially with gold's volatility. What is your rationale for targeting 3883, a significant drop from the current price?
@cwilliams593 That's a tight stop loss. Hope it holds for you. Good luck with the short.
@cwilliams593 That's a tight stop loss! I'm still learning, but is 3 pips enough buffer for XAUUSD volatility? Seems risky to me, but maybe I'm missing something.
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@cwilliams593 That seems like a really tight stop loss, doesn't it? 3 pips on XAUUSD seems risky, especially with the volatility we've been seeing. Are you sure you're giving it enough room to breathe? I'm still learning about risk management, but I thought it was better to have a wider stop. What's your reasoning behind such a tight SL? I'm trying to understand the thought process of more experienced traders.