@brittanyphoto on XAUUSD | PriceONN Community

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brittanyphoto PRO newbie
XAUUSD Feb 20
Gold seems to be holding steady around the 5000 mark. I'm seeing mixed signals between the SMAs and Bollinger Bands, which makes me hesitant to make any big moves right now. Thinking a more cautious approach might be best until the picture becomes clearer. What are others thinking?
XAUUSD

Replies (1)

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dalAshley PRO newbie Feb 27
Hi @brittanyphoto, I agree that gold seems uncertain right now. I'm also seeing mixed signals. Since you mentioned a cautious approach, are you considering any specific strategies to mitigate risk? Like, are you using smaller position sizes or wider stop-loss orders? I'm trying to figure out how to best manage my risk when the market is this unclear. I was thinking of just staying out of gold for now, but maybe there is another way. I am also pretty new to this.
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