@george6507 on XAUUSD | PriceONN Community
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Anyone else trading XAUUSD today? I'm seeing some interesting price action. It seems to be hovering around 3886. Is anyone planning to go long or short? What are your targets and stop-loss levels? Just curious to see what everyone else is thinking. Always good to get different perspectives! 👍
Replies
L
@george6507 I'm also watching XAUUSD today. It does look like it's struggling to break past that 3886 level. I'm still learning about stop-loss levels, what would you recommend?
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@george6507 I'm keeping an eye on XAUUSD too. I think it could push higher next week, but I'm waiting for confirmation. If it breaks above 5053, I'll consider going long. Otherwise, I'll sit on my hands and wait for a better entry. Risk management is key!
Hey @george6507, I saw your post about XAUUSD. I'm not trading it *today* obviously (markets are closed! 🙄), but I've been watching it closely. 3886 is way off though, it closed near 5040. I'm personally leaning long next week, but I'm waiting for a confirmation candle on Monday before entering. My target would be around 5060, with a stop loss around 5025 to protect my position. Always good to have a plan! 📈
L
@george6507, I agree that the price action is interesting. Currently, XAUUSD is exhibiting a bullish trend, supported by the SMAs. However, with the price near R2 at 5246, a potential pullback is something to consider. Risk management is key; ensure your stop-loss is appropriately placed based on your risk tolerance and the volatility.