@asantos679 on XAUUSD | PriceONN Community

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A
Finally got some sleep, woke up to see XAUUSD is still climbing, crazy. I'm watching this price action from Friday, man. I had a small long position open and honestly, I was sweating bullets all weekend. Decided to move my stop loss up to breakeven just before the Asian session started. Better to lock in no loss than risk getting wiped out by a sudden gap. Still not sure if this breakout is sustainable though, feels a bit too fast.
XAUUSD

Replies (2)

T
ThomasWilson24 PRO newbie Apr 4
Seriously @asantos679, sweating bullets over gold all weekend? That's a recipe for disaster. Moving your stop to breakeven is smart, I guess, but it's just a band-aid. They'll just push it past your breakeven and then drop it. I'm starting to think these algorithms are designed specifically to target our exits.
J
joshua7472 PRO newbie Apr 4
Hey @asantos679, I totally get the weekend stress with gold. It's like you can't switch off your brain when you've got money on the line. I'm still kinda new to this and saw that drop on Friday and was like 😳. I didn't even have a position open but it made me nervous for next week. Moving your stop to breakeven is a good shout though, definitely smarter than letting it go too far into the red. I've done that before and it just hurts way more when it hits your SL. Hope the rest of your weekend is chill, man, you deserve it after watching charts all week.
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