@ryanmartin93 on XAUUSD | PriceONN Community
R
I'm keeping my position size conservative given the upcoming CPI data. A surprise reading could easily trigger a whipsaw. I've allocated only 1% risk to this XAUUSD trade, with a SL just below the 50-day SMA at 5169.58. Targeting R1 at 5186.82 initially, then potentially R2 at 5206.3 if momentum continues after the news.