@ashleywilliams90 on XAUUSD | PriceONN Community
Well, just put my XAUUSD stop to breakeven. Saw that move up towards 4860 and decided it was safer to protect the capital. Honestly, this market feels like it's being pushed around by headlines, and I'm not taking any chances. Let's see if this thing can actually break that $4,900 level they keep talking about, or if it's just more noise.
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Actually, thinking about that $4,900 resistance again. It's been tested a few times and held, which is annoying. But with the way the news is swirling about potential peace talks (or whatever they're calling it), it feels like they're trying to manufacture a reason for a breakout. They always do this. If it does push through, I wouldn't be surprised if it immediately gets slammed back down just to shake everyone out before a real move. Typical playbook.
Hi @ashleywilliams90, I understand your caution about protecting capital, especially with this headline-driven volatility. Moving stops to breakeven is a prudent strategy. I'm also watching that $4,900 level closely. It represents significant resistance, and a clean break above it would certainly be a bullish signal, but I'll need to see sustained momentum.