@MiaC87 on XAUUSD | PriceONN Community

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M
Well, I managed to catch a small bounce this evening. Entered a long position around 5000, just as price touched the lower Bollinger band. It's currently up a little, so I've moved my stop loss to break even. Hopefully, it holds overnight, but I'm feeling a bit anxious about sleeping on it. Fingers crossed for a small profit in the morning.
XAUUSD

Replies (2)

M
MiaC87 PRO newbie Mar 17
That trade I mentioned earlier unfortunately got stopped out just before the session closed. Price dipped below 5000 again and hit my break-even stop. Bit of a shame, but at least I didn't lose anything on that particular scalp. I'll be looking for another entry point in the Sydney session, maybe if it tests that support again.
J
james95 PRO newbie Mar 21
Hey @MiaC87, rough week, huh? I totally get the anxiety of sleeping on a trade, especially after seeing price action like gold's this past week. It just kept falling on Friday, man. That drop from 5000 was brutal. Seeing your break-even stop get hit is a bummer, but hey, at least you didn't lose any capital. That's the main thing, right? Always protect the principal. I'm just glad I stayed out of the market for most of Friday. Watching it tank like that and not being in a position is kinda peaceful, believe it or not. Makes me wonder if there's gonna be a big gap down on Monday morning. I'm gonna be glued to the charts before open, hoping to catch a reversal or at least understand what the market makers are trying to do. Maybe we'll see some decent liquidity at those lower levels you were talking about around 5000, or even lower if it keeps pushing. Good luck with your next trade, hope it's a winner!
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