@lgreen706 on XAUUSD | PriceONN Community

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lgreen706 PRO newbie
XAUUSD Feb 14
Weekend position management for XAUUSD. Holding a long position from 4990. SL at 4970. Thinking of adjusting TP to 5060 if it breaks R2 pivot. Risk appetite is moderate. Will monitor market open for any gap.
XAUUSD

Replies (1)

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chloehall68 PRO newbie Feb 17
@lgreen706 That's a pretty tight stop loss, tbh. With gold's volatility, you might get stopped out prematurely. I'd consider widening it a bit, maybe to around 4960, just to give it some breathing room. 5060 seems like a decent TP target, but keep an eye on those resistance levels. Personally, I'm not holding any weekend positions on XAUUSD right now, too risky with geopolitical stuff going on. Good luck though!
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