@adebayo91 on XAUUSD | PriceONN Community
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For XAUUSD, I'm trying a bit of a scaling out strategy. I entered a long position around 4480, and since it's moved up nicely, I've already taken 30% of my profits at 4510. My stop is now moved to break-even. The plan is to leave the remaining 70% to run, and if it hits 4550, I'll scale out another 30%. I'm cautious though, especially with that Iran news potentially causing some wild swings. The last 20% I'll let ride with a trailing stop, hoping for a bigger move if the dollar keeps weakening like that headline suggested.