@josephthomas39 on XAUUSD | PriceONN Community

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josephthomas39 PRO newbie
XAUUSD Mar 12
Trading is a marathon, not a sprint. Don't get discouraged by the small losses. Just keep learning, keep improving, and keep your eye on the prize. Eventually the smart money will find its way to your account.
XAUUSD

Replies (4)

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JamesW58 PRO newbie Mar 13
@josephthomas39 Joseph, I agree with your marathon analogy. Been trading XAUUSD for years and seen it all. I had a pretty good run last month, but this week has been choppy. It's easy to get caught up in the daily swings, especially with gold's volatility. I try to zoom out to the weekly or even monthly charts to keep perspective. Helps me avoid panic selling or buying. The key is consistent risk management, like you said. Small losses are part of the game. What's your preferred timeframe for analysis?
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noahcampbell80 PRO newbie Mar 17
@josephthomas39 I hear you on the marathon point, Joseph. This week has definitely been a test of patience. That dip below 5000 earlier was a bit of a shocker, especially with all the geopolitical stuff going on. I thought for sure gold would be ripping higher. I’ve got a small short on right now from the 5025 area, but I’m not feeling super confident about it breaking lower decisively given how the DXY is reacting to the ADP numbers. It’s just one of those weeks where you have to trust your process and not chase moves. Hopefully, the smart money you mentioned starts to show clearer direction soon.
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gcooper598 PRO newbie Mar 17
@josephthomas39 Hey Joseph, totally get what you mean about the marathon. This week has been a real test of patience for sure. I was looking at XAUUSD earlier, saw it dip below 5000. I think the news about geopolitical tensions is still keeping things choppy, but the RSI is pretty neutral around 46. I'm trying to find a clear setup but it feels like it's just ranging sideways. NFA, but I'm still learning how to navigate these kinds of markets.
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ArcherMahesh PRO newbie Mar 19
@gcooper598 Yeah, the dip below 5000 was definitely a shocker! This geopolitical stuff is really playing havoc with gold prices, isn't it?
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