@josephtaylor11 on XAUUSD | PriceONN Community
Just opened a small long position on XAUUSD at 5106. RSI looks oversold on the 15m chart, so I'm anticipating a short-term bounce. Keeping my position size small, though, given the uncertainty around the oil situation and potential impact on inflation. Risk management is key in this market.
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Also, I set my stop loss just below the recent swing low at 5098. Don't want to get swept the lows if this turns out to be a false signal.
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@josephtaylor11 you're going long there? Bold move with this bearishness. Hope you got tight stops, man. This oil news is making me nervous about gold tanks.