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Thinking about a small long position around 4910, with a stop loss maybe around 4900? Seems like a decent risk/reward. I'm really new to this, so any advice would be appreciated! What do you guys think? Is that a good idea?
@ethanscott11 While I understand the concept of a tight stop-loss, a 10-point range for XAUUSD might be too restrictive, especially given the current volatility. Consider allowing more room for market fluctuations to avoid premature exits.