@amitshah55 on XAUUSD | PriceONN Community

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amitshah55
Arjun, totally get the frustration with the choppy action, especially when news hits. I've been burned by those wider spreads before too. On my end, I'm managing a long from around 4710, which is near the 50 SMA. I've already moved my stop to breakeven at 4710. The plan is to trail it up using the H4 pivot points. If we get a strong move above R1 at 4768, I'll consider adding to the position, but only if there's a clear upward displacement and the RSI isn't screaming overbought. If it starts to stall or shows bearish divergence around these higher levels, I'll likely take partial profits and tighten the stop again, maybe to the 20 SMA. It’s all about managing that risk-reward and not getting greedy when the market’s this unpredictable. The goal is to let winners run but cut losses quickly and secure gains when the setup starts to degrade.
XAUUSD

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