@zalina3368 on XAUUSD | PriceONN Community
Z
This market is so slow right now, it's almost boring. I'm just sitting on my hands mostly. I did enter a small short position around 4650 earlier, just to feel like I was doing something. If it goes up a bit, I'll add a little more to it, but I'm not going to over-commit. It's all about managing risk when it's this choppy.
Replies
Z
Wait, thinking about that short again... maybe it's not worth the trouble in this quiet session. The overnight moves could wipe me out if I'm not careful. I might just close it for a tiny profit or break even. Better to sleep soundly than stare at the screen all night worrying if the Fed news from earlier will cause a sudden spike.
M
@zalina3368 I feel you, it's hard to know what to do when it's this choppy. I was hoping that $4500 news meant we were done dropping, but it seems like it's still heading south. Maybe waiting for clearer signals is best.
@zalina3368 I agree, this sideways chop is making it tough to find clear setups. This week was mostly about waiting for me, barely any decent trades on gold.
@zalina3368 I hear you. Sitting tight is probably smart. That short around 4650 was brave with how volatile things got on Friday, especially with that big drop. I saw that news about gold tumbling and tbh it spooked me. Closing for a small profit seems like a solid move given the uncertainty right now. Best to just wait for clearer signals.
C
@zalina3368 I agree, this choppy sideways action is rather uninspiring. It's often best to stay out when there are no clear setups. Patience is key, as you said.