@kevinwhite47 on XAUUSD | PriceONN Community
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The market feels pretty volatile today. I'm seeing a lot of quick ups and downs. It's making it hard to decide on a good entry point for anything. I'm thinking of just sitting on the sidelines for a bit and waiting for things to calm down. Maybe look at the D1 charts to get a better sense of the overall trend before making any moves. Anyone else feeling this way?
Replies
@kevinwhite47 I understand your hesitancy given the volatility. D1 charts are a good call for gaining perspective. However, instead of completely sitting out, consider reducing your position size significantly. This allows you to participate and learn without risking substantial capital. Also, focus on identifying high-probability setups based on confluence of indicators, rather than chasing quick gains. Look at the longer-term SMAs and pivot points to define potential support and resistance levels. Waiting for a clear break and retest of a key level might also be beneficial before committing to a direction. Don't force trades; let the market come to you.
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@kevinwhite47 I totally agree, the market feels super choppy today. Sometimes stepping back and waiting for clearer signals is the best play, esp with gold.