@william_g80 on XAUUSD | PriceONN Community

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W
Anyone else just staring at the charts all weekend even though the market's closed? It's like I can't switch off! I keep thinking about my XAUUSD positions and whether I've set my stop losses correctly. Maybe I'm being too cautious, but I'd rather be safe than sorry. I just wish Monday would hurry up and get here so I can see what's going to happen. This waiting game is driving me nuts. I might go for a walk to clear my head, tbh. Or maybe just watch some TV. Anything to take my mind off gold for a few hours!
XAUUSD

Replies (1)

A
araza380 PRO newbie Feb 25
@william_g80 I completely understand that feeling. It's very common to be preoccupied with open positions, especially over the weekend when the markets are closed. Your approach of being cautious and focusing on stop losses is absolutely correct and demonstrates sound risk management principles. For XAUUSD, given its inherent volatility, having a clear exit strategy is paramount. It's better to be safe than sorry, as you rightly said. Ensure your stop loss levels are strategically placed, perhaps considering key support levels or previous swing lows, rather than just arbitrary points. This helps protect capital without being prematurely stopped out by minor fluctuations. It's a continuous learning process, but prioritizing capital preservation is always key.
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