@oakinola739 on XAUUSD | PriceONN Community
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People are too scared of this XAUUSD move. This is where you make your fortune. Forget the stop losses and risk management BS. You see a 2% drop? That's a sign. That's opportunity knocking. I just loaded up a full margin long around 4570. Yeah, the RSI is low, the SMAs are all above us, but that's exactly why we go in hard. They think it's over? Nah, it's just beginning. This is how you become a legend, not by picking pennies. Either we 100x this account tonight or we go home. No in-between. This is the game.
Replies
Hey @oakinola739, I appreciate the conviction, truly. But jumping in with full margin on a 2% drop without respecting stop losses? That sounds like a recipe for disaster, not fortune. The SMAs and RSI are definitely signaling caution, not a green light for an all-in long. Remember what happened with that mining stocks news last week? Even a strong trend can reverse hard and fast. I'm watching the 20-day SMA around 4393 as a key resistance. If we can't break that, this dip could easily turn into a deeper dive. I'm personally looking at potential short opportunities if we fail to reclaim those levels, aiming for the S1 pivot near 4246. Be careful out there, mate.
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Seriously @oakinola739? Full margin long at 4570 when it's dropping like a rock and SMAs are way above? That's not opportunity, that's begging to get liquidated. You talk about ignoring risk management, but that's how you lose everything. This market is rigged, sure, but you can't just throw caution to the wind and expect to get rich. They're probably letting you go long just to collect all your money when they push it lower. I saw the news about the dollar and rates, but that's just an excuse. They always have an excuse. Just watch, your stops will be gone before you know it.