@ShreyaKhan on XAUUSD | PriceONN Community
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Morning everyone! Woke up to see gold has taken a pretty big hit overnight, down to 4861. Given this sharp drop, I'm thinking about my position sizing for any potential long trades. I usually risk 1% per trade, but with this bearish momentum, I might scale that back to 0.75% or even 0.5% if I decide to enter. Better to be safe and preserve capital when the trend is clearly against you, especially with that RSI sitting at 36.