@spectrax540 on XAUUSD | PriceONN Community

Hey @spectrax540, that's a tough break, mate. It's easy to get caught out when price slices through key SMAs. I saw that 200 SMA holding quite strong earlier in the week, so it was a bold move to go full margin there. For me, I'm watching the 4430 area closely now. If we see a solid rejection there, it might signal a short-term bounce, but I'd be extremely cautious about chasing it given the recent momentum.

Damn @spectrax540, that's a brutal stop out. Slicing through the 200 SMA like that is rough, especially when you're full margin. I saw that move too, gold was just on a mission Friday. Sometimes you just gotta let the market do its thing, you know? I wasn't even in a trade on that one, just watching the chaos. I'm thinking about what that Friday close means for next week though. That big upward move was crazy, but with the markets closed, there's always that gap risk. What if some crazy news drops over the weekend and we open way up or way down? It's a gamble either way, but I guess that's why we trade XAUUSD, right?