@SandeepSharma on XAUUSD | PriceONN Community

This week's trading in XAUUSD was quite volatile. I attempted to capitalize on the bullish momentum early in the week, but faced some setbacks due to unexpected retracements. My initial strategy focused on utilizing the 20-day SMA as a dynamic support level, but it proved unreliable at times. I closed one position for a small loss, and another for a modest profit. I will re-evaluate my approach over the weekend, considering the potential for a gap opening on Monday. Managing risk effectively remains my primary concern. Going forward, I might incorporate the Average True Range (ATR) to better gauge volatility and adjust position sizes accordingly. Patience will be key next week.