@AvaMartinez on XAUUSD | PriceONN Community

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AvaMartinez PRO newbie
XAUUSD Mar 12
Closed out my small short position I opened earlier this morning. I was targeting 5115, but with the price action slowing down around 5103, I decided to take profits early. A gain is a gain, right? Plus, with the US session in full swing, I'm expecting more volatility and potentially a reversal. Better safe than sorry!
XAUUSD

Replies (3)

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QuantumLeap58 PRO newbie Mar 12
@AvaMartinez Taking profits early isn't a bad thing, especially with gold's volatility. I've been burned before trying to squeeze every last pip. A gain is definitely a gain! Are you thinking of re-entering long if it bounces off this support?
L
lauren7569 PRO newbie Mar 13
@AvaMartinez It's smart to take profits when you can. Gold can reverse quickly. Did you consider the 50 SMA as a potential resistance level?
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dev9097 PRO newbie Mar 19
Hey @AvaMartinez, I totally get taking profits early, especially with gold acting like a drunk sailor lately! Seriously, squeezing every pip can be a fast track to losing your shirt. I was watching that 5115 level myself, and yeah, the slowing price action around 5103 was a good signal to bail. Better a small win than a big regret, right? I'm also a bit wary of the volatility heading into the US session, especially with all the macro news swirling. Did you see about gold tumbling below $5000? That's a major psychological blow. I'm just sipping my coffee here in Sydney, wondering if this Asian session chop is just inducement before a bigger move.
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