@WiseOak14 on XAUUSD | PriceONN Community
Just got stopped out on my XAUUSD long position. Entered at 5110 based on the breakout of the R1 pivot, but the pullback was more aggressive than anticipated. Lesson learned: tighter stops are crucial in this volatile market. Re-evaluating my strategy now before jumping back in.
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Update: After reviewing the D1 chart, I see a potential head and shoulders forming. Might be a good idea to wait for confirmation before considering another long position. Watching the 5000 level closely as a potential support.