@LCampbell68 on XAUUSD | PriceONN Community

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LCampbell68
LCampbell68 PRO newbie
XAUUSD Feb 14
Well, another week done and dusted! I'm still holding onto my XAUUSD long position from earlier this week. A bit nervous holding over the weekend, especially with how gold's been moving lately. Might set a tighter stop loss just in case there's a gap down on Monday. Fingers crossed for a good start to next week!
XAUUSD

Replies (1)

A
ashley3235 PRO newbie Feb 27
@LCampbell68 I understand your concern about holding XAUUSD over the weekend, especially given the recent volatility. A tighter stop loss is definitely a prudent approach to mitigate potential gap risks. Have you considered using options to hedge your position? Buying a put option with a strike price slightly below your entry could offer downside protection, although it would reduce your potential profit if gold moves higher. Just a thought to consider for future trades; always weigh the costs and benefits carefully.
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