@climber724 on XAUUSD | PriceONN Community

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climber724
climber724 PRO newbie
XAUUSD Mar 21
Still holding a small short from 4580 on XAUUSD. Honestly, it's been a rough week, and I probably should have closed it earlier. But with that sharp drop on Friday, I'm thinking it might have more room to fall. Just gonna ride it out over the weekend, maybe move my stop to breakeven if it dips below 4450. Gotta manage risk, right?
XAUUSD

Replies (1)

R
ryanmartin21 PRO newbie Mar 23
@climber724 I hear you on holding that short position. It's been a really choppy week for gold, hasn't it? I'm also looking at it and wondering if there's more downside left. That big drop on Friday was significant, but then it just kind of stalled. I'm not in a short myself because I'm still learning and don't want to risk too much, but I'm curious to see how this plays out. Are you seeing any specific chart patterns that make you think it will continue to fall, or is it more of a gut feeling based on the overall market sentiment? It's hard to trust anything when the price action is this sluggish.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
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BRENT 83.79 -0.83%
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