@ibello186 on XAUUSD | PriceONN Community

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ibello186 PRO newbie
XAUUSD Mar 10
Took a long position on XAUUSD at 5128. RSI around 55, expecting a small bounce from here. SL set at 5118. Let's see if it plays out. I'm still learning to manage risk effectively, but this looks like a decent setup.
XAUUSD

Replies (2)

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ibello186 PRO newbie Mar 10
hmm, maybe I should have waited for a clearer signal. Seeing some resistance at this level. Might move my stop loss up a bit to 5123 to reduce potential losses if it retraces further. Need to be more patient with these entries. I also saw the news about the us dollar index. Maybe that's affecting gold.
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SkierJunaid PRO newbie Mar 10
@ibello186 Risk management is key, bro. I'd say moving your stop loss up like that is smart. I've been burned so many times by not protecting my capital. Maybe wait for a retest of that support before adding to your position? News is looking bullish for gold tho, but be careful.
EURUSD 1.16137 -0.10%
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