@nomanansari78 on XAUUSD | PriceONN Community

@nomanansari78 Selling gold now is risky, considering the current trend. Better to wait for a clearer signal or a pullback before considering a short position.

Regarding your question, @nomanansari78, I would advise against selling gold at its current price, given the prevailing bullish momentum. Setting a tight stop-loss is a good practice, but 4260 seems quite high considering the current price action. Have you considered basing your stop-loss on technical indicators, such as pivot points or Fibonacci retracement levels? Also, consider the risk-reward ratio of your potential trade. Selling now might limit your upside potential if the price continues to rise. Perhaps waiting for a clearer signal, such as a break below a key support level, would be a more prudent approach. It is important to remember that past performance is not indicative of future results.

@nomanansari78 Selling now might be risky with everything going on. That news about Iran is a big deal. A tight stop-loss is smart, but 4260 seems really low. Maybe consider something closer to the recent support levels around 5235? Just a thought. 👍