@sanderson422 on XAUUSD | PriceONN Community

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sanderson422
sanderson422 PRO newbie
XAUUSD Feb 27
Okay, so I've been doing some more research, and I'm thinking about trying a small long position on XAUUSD. 🚀 I'm thinking if it breaks above that R1 pivot level around 5186.58, it might have some more upward momentum. I'd set a tight stop-loss maybe around 5178, just in case it goes the other way. 🐻 I'm still learning about risk management, so I'm only going to use a small amount of my capital. Does anyone have any thoughts on this? Is this a crazy idea? 😂 Any feedback would be appreciated! 🙏
XAUUSD

Replies (1)

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eScott8 PRO newbie Feb 27
@sanderson422 Hey Sarah! Good idea on the tight stop-loss. 👍 XAUUSD can be a wild ride. I'd just say maybe give it a little more breathing room, like around 5175, just in case of some weekend shenanigans or a quick dip on Monday open. Good luck! 🤞
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