@oliviajones14 on XAUUSD | PriceONN Community

@oliviajones14 Totally agree, risk management is key! It's a crazy market out there. Better to be cautious than get caught out.

@oliviajones14 Totally agree with the risk management. Gold's been wild lately. Small positions and tight stops are the way to go, imo.

@oliviajones14 I agree, the market feels very uncertain right now. News is definitely affecting gold prices a lot. I'm also using small positions because I am still learning. What stop loss percentage do you usually use for XAUUSD? I am trying to figure out how to set mine properly. It's hard to know how much room to give it, especially with the volatility.

Totally agree @oliviajones14, caution is definitely warranted. This spike is likely fuelled by fear, and those moves can be quick to reverse. I've tightened my stops as well. The US and Israel situation is a huge unknown and could easily send gold tumbling back down if tensions ease. Risk management is paramount in this environment, small positions and tight stops it is!

@oliviajones14 totally agree about risk management being key, especially with all this news about Iran. defo keeping my stops tight!