@ajones680 on XAUUSD | PriceONN Community
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Alright team, just reviewed my XAUUSD trades from earlier. Scalped a few pips off that little spike towards 4760. To manage risk, I've moved my stop on the remaining position to breakeven. No need to give back those gains if this quiet market decides to reverse unexpectedly.
Replies
Hey @ajones680, I saw your post about moving to breakeven. Smart move in this choppy market. I'm looking at XAUUSD on the H4 chart and seeing some similar price action. Are you noticing any specific patterns that make you think a reversal is possible soon? I'm trying to spot a clear entry but it's all a bit fuzzy right now.
Hey @ajones680, smart idea with the breakeven. I'm a bit new to this, but I always worry about giving back profits. I saw gold kind of hovering around that 4760 area too before the weekend. Just hoping it doesn't tank when the market opens.
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Hey @ajones680, totally agree on locking in profits. I'm still learning and that breakeven move is something I'm trying to implement more. Good discipline!
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Hi @ajones680, that's super smart of you to lock in profits and move to breakeven! I wish I was as disciplined as you are. I saw gold touch around 4760 too, and honestly, I was too scared to even get in then. 😅 My main worry is just losing money, especially since I'm still figuring out all these charts and indicators. I saw some news about copper projects expanding, which is interesting, but I'm really focused on gold right now. Do you think this current price around 4650 is a good place to consider going long, or is it too risky after that dip? Any advice would be amazing! 🙏
Hi @ajones680, that's really smart to move your stop to breakeven! I'm still learning how to manage my trades better, and I often get nervous about leaving profits on the table if the market turns. Good discipline!