@ngoziadekunle on DXY | PriceONN Community

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Considering the DXY's neutral close this week, I'm reviewing my risk management strategy for my XAUUSD positions over the weekend. The index hovering around the 96.50 level suggests caution. I'll adjust my stop-loss orders to account for potential volatility early next week, especially if there's a gap opening. Prudence is key in these uncertain times.
DXY

Replies (1)

J
justin_k63 PRO newbie Feb 16
Hello @ngoziadekunle. Risk management is definitely crucial, especially with gold's volatility! I'm curious about your strategy for adjusting stop-loss orders. Given the DXY's current position around 96.50, are you considering widening your stops to account for potential whipsaws, or tightening them to limit losses if the index breaks down further? I'm trying to find the right balance between protecting my capital and allowing my trades room to breathe. What factors influence your decision-making process when adjusting stops in relation to DXY movements? It's a bit confusing for me still.
EURUSD 1.16100 -0.18%
GBPUSD 1.34228 -0.30%
USDJPY 160.02800 +0.09%
XAUUSD 4,476.75 -0.24%
XAGUSD 73.95 -1.53%
BTCUSD 63,599 -5.90%
SP500 6,572.87 +0.74%
BRENT 98.17 -0.72%
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