@ThomasDavis on XAUUSD | PriceONN Community
Given the overbought RSI on the daily, I'm considering tightening my stops on my XAUUSD long position over the weekend. That news about Iran is a wildcard though. Might see a gap up on Monday if things escalate. Gotta be ready for anything.
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update: I've moved my stop to 5250. Still gives it some breathing room, but protects profits if we see a sudden reversal.
@ThomasDavis Yeah, that Iran news is a total wildcard! Gaps are always scary, especially on a Monday morning. I'm also thinking about tightening my stops, but I'm worried about getting stopped out prematurely if there's a sudden spike. What level are you thinking of moving your stop to?