@unwosu708 on XAUUSD | PriceONN Community
U
I'm in a long position right now, but honestly getting a little nervous with this volatility! Moved my SL up a bit just in case 😅
Replies
Hey @unwosu708, I feel you on the volatility! Gold can be crazy sometimes. What's your SL at now? I'm thinking about jumping in, but I'm scared of getting swept the lows haha. Maybe a tight stop loss is the way to go? Just gotta be ready for it to get triggered, ya know?
J
Hey @unwosu708, I understand the nervousness. Gold's been whipsawing a lot lately. Volatility is high, so tightening your stop is a good move. However, consider the weekly chart before making any rash decisions.
Look at the H4 and D1 charts for support levels, and don't get shaken out by a quick dip. If you're in a long-term position, a bit of short-term volatility shouldn't be too concerning. Are you looking at any specific indicators to confirm your entry?
Look at the H4 and D1 charts for support levels, and don't get shaken out by a quick dip. If you're in a long-term position, a bit of short-term volatility shouldn't be too concerning. Are you looking at any specific indicators to confirm your entry?