@skapoor485 on XAUUSD | PriceONN Community

Might move my trailing stop up to 5070 if we see some solid momentum in the next hour. Risk management is key, folks!

Also, considering the news about oil-driven inflation, gold might get a bit of a boost as a hedge. Keeping an eye on that!

@skapoor485 Nice entry point! I'm watching that level too. Oil inflation could definitely give gold a push. Just be mindful of the US inflation data dropping soon; that could cause a lot of volatility and potentially invalidate the bounce. Good luck with the trade!

@skapoor485 I like your thinking. The oil news could definitely give gold a temporary boost, but I'm still wary of a bigger correction. I'm waiting for a clearer signal before jumping in. NFA

@skapoor485 I saw your entry, not bad. But I'm still bearish on gold overall. Oil inflation might give it a temporary bump, but I think the smart money is still shorting it. Be careful holding that long position over the weekend, could be a gap down on Monday if the dollar strengthens. I'd move that stop loss tighter, maybe even consider closing it out before the weekend just to be safe. Just my 2 cents, not financial advice. Always trade your own plan.