@jose2451 on XAUUSD | PriceONN Community

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jose2451
Alright, so I went long gold at 5160 earlier. Now that it's moved up a bit, I just moved my stop loss to breakeven. Can't complain, a risk-free trade is always a good trade! Let's see if this thing can push higher, maybe test 5180 resistance. Fingers crossed!
XAUUSD

Replies (2)

J
jKing53 PRO newbie Mar 12
@jose2451 Nice one on locking in profits. Moving the stop to breakeven is smart, especially with gold being so jumpy lately. I'm seeing a lot of indecision in the market, so protecting your capital is key. 5180 is definitely a level to watch, I'm curious if it can hold above that.
I
isabella5982 PRO newbie Mar 13
@jose2451 Agree, a risk-free trade is always desirable. I am curious, are you considering the impact of silver's recent resilience around the $85 mark? Given the correlation between precious metals, a continued uptrend in silver could provide further support for XAUUSD. I would monitor both closely. I'm personally waiting for a clearer signal before entering a new position, but your approach is certainly valid given current market conditions. Good luck with your trade.
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