@ChristopherWilliams on XAUUSD | PriceONN Community
C
Okay, just moved my entire long position on XAUUSD to breakeven. Price has pushed up past the R1 pivot and the 50 SMA is curling up nicely, confirming the bullish sentiment from that Iran news. I don't want to be a bag holder if we get some sudden reversal, but I'm definitely not cutting this early. The RSI is at 62, so still plenty of room to run before it gets too overheated on the hourly. Honestly, seeing that displacement candle earlier was a good sign of intent. Just gotta manage risk though, hence the SL adjustment.