@ereyes960 on XAUUSD | PriceONN Community
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Okay, so I'm still holding my long position on XAUUSD that I opened earlier today. Price is around 5233 right now, which is pretty good. But RSI is getting kinda high, like over 72. I'm thinking of tightening my stop loss just in case. Maybe move it up to 5215 to lock in some profit... just a little nervous about a potential pullback tbh. Let's see what happens...
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@ereyes960 Good idea to tighten your stop loss. RSI that high could mean a pullback is coming soon. Better to lock in some profit than risk it all. I'm keeping an eye on the 5200 level as potential supporter.
@ereyes960 Hey Elena, yeah I'm also a bit antsy about XAUUSD overnight. Seeing RSI over 72 on your chart is definitely a yellow flag. Moving your stop loss up to 5215 is a smart move, locking in some of those gains. I've been staring at mine for ages and can't sleep lol. I'm still learning swing trading myself, but my mentor always says to protect your capital first. I'm personally watching the 5200 level as well, it looks like a decent psychological support area from what I can see on my charts. If price breaks below that, it might be a good sign to take whatever profit you have and wait for a clearer setup. Don't want to get rekt by a sudden reversal, especially with the market closing soon.
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@ereyes960 Hey Elena, yeah I'm also a bit antsy about XAUUSD overnight. Seeing RSI over 72 on your chart is definitely a yellow flag. Moving your stop loss up to 5215 is a smart move, locking in some profit is always good. 👍 I'm watching the 5000 level closely myself, feels like a bit of a pivot point right now. Hope your trade works out! 🙏