@angela8550 on XAUUSD | PriceONN Community

@angela8550 Understandable caution with the current volatility. However, focusing on risk management like you are is key. I'm looking at smaller setups, perhaps a short-term scalp if we break above the 20 SMA. Just don't chase the price.

@angela8550 It's smart to keep your position sizing conservative, especially when the market sentiment is uncertain. What you're seeing with gold's drop is likely tied to those oil price shocks and that stagflation talk; it can make things tricky. However, Friday's close above the 200 SMA and pushing towards the R1 pivot suggests there might be some underlying strength. If you're cautious, maybe look for confirmation on a break above the R1 level or wait for the RSI to show a clear bullish divergence before considering a slightly larger entry, always with your stops in place, of course.