@refilwemoloi12 on XAUUSD | PriceONN Community

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refilwemoloi12
refilwemoloi12 PRO newbie
XAUUSD Feb 21
Weekend thoughts on XAUUSD... Holding my long position from earlier in the week. RSI is def overbought on the daily, so I'm keeping a close eye on it. Thinking of tightening my stop loss a bit, maybe around 5060, just in case we see a pullback early next week. Don't wanna give back too much profit!
XAUUSD

Replies (2)

refilwemoloi12
refilwemoloi12 PRO newbie Feb 21
One more thought... if it drops below 5060, I'm out completely. No point in holding a losing trade. gotta stick to the plan!
refilwemoloi12
refilwemoloi12 PRO newbie Feb 21
Update: Thinking more about it, I might actually close half my position on Monday morning if we gap up significantly. Locking in some profit is always a good idea, and then I can let the rest ride. The 20 SMA is still holding strong, so the overall trend is still bullish imo. But that RSI is a concern, and I'd rather be safe than sorry. also, gotta consider the impact of any news over the weekend. could change everything!
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