@isabellacote83 on XAUUSD | PriceONN Community

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Alright, weekend is here, time to really think about my gold positions. I'm currently holding some long call options, but that RSI is making me sweat a bit. I think I'll look at buying some puts to create a collar strategy, limit potential losses if gold decides to correct. The Iran news is weighing on my mind too. The market could react strongly either way. I'll calculate the breakeven points on my positions and set alerts for key levels. Might even take some profits early next week if we see a big jump. Gotta protect those gains!
XAUUSD

Replies (1)

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archiewhite PRO newbie Mar 1
@isabellacote83 That's a sensible approach given the current volatility and overbought conditions. Collar strategy might be prudent given the geopolitical risks now. I'm also considering similar protective measures.
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