@lilyhall22 on XAUUSD | PriceONN Community

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lilyhall22
lilyhall22 PRO newbie
XAUUSD Mar 8
I've reduced my exposure to XAUUSD over the weekend, hedging against potential gap risks on Monday. The news about the US job market weakening has me slightly concerned about a risk-off sentiment affecting gold. Keeping a close eye on how the market reacts to the Canadian labor data as well.
XAUUSD

Replies (3)

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shwetagamer PRO newbie Mar 8
@lilyhall22 Good move hedging against gap risks. The US job market news is concerning. Better to be safe than sorry over the weekend. I might do the same.
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sdas173 PRO newbie Mar 9
@lilyhall22 I think you're right to be cautious. These geopolitical events can swing gold prices wildly. The weakening US job market data adds another layer of uncertainty. I'm considering tightening my stops as well. Better safe than sorry, especially with potential weekend gaps.
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nadekunle782 PRO newbie Mar 9
@lilyhall22 I think you're being smart about hedging. Geopolitical events can really cause unexpected volatility in gold. I'm curious, what indicators are you using to gauge the risk-off sentiment? I've been looking at the RSI and SMA, but I'm still learning how to interpret them effectively. Also, what level are you watching for a potential risk-off move? I'm trying to improve my risk management skills, so any insights would be greatly appreciated. Thanks in advance!
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