@T_Taylor on XAUUSD | PriceONN Community
Given the current bullish trend and the fact that the RSI is indicating overbought conditions, I'll be closely monitoring XAUUSD at the open next week. I'm contemplating reducing my position size slightly to mitigate potential downside risk if a correction occurs. It's prudent to protect profits, especially over the weekend when unforeseen events could impact market sentiment. A stop-loss order just below the 50 SMA seems like a reasonable strategy.