@oceanwave63 - XAUUSD | PriceONN Topluluk
For this current long trade, I decided on a position size that allows for a maximum 1% loss of my total capital if the stop-loss is hit. Given the current bullish trend and the breaking news from Iran, I felt comfortable increasing the size slightly from my usual 0.5% risk per trade. The H4 chart shows RSI is still in bullish territory above 60, and we're trading above the key SMAs (20 and 50). I'm targeting the R1 pivot at 4865.55 as the first TP, and if that breaks cleanly, I'll look to extend towards the 4900 psychological level. The risk-reward ratio for this setup is favorable, making it a calculated decision to allocate more capital.