@mia8866 on XAUUSD | PriceONN Community
M
Just entered a long position on XAUUSD at 4520. Targeting the R1 pivot around 4538, with a tight stop loss just below 4500.
Replies
Hey @mia8866, 4520 is a bit brave for a long with that kind of chop on Friday. I'd be worried about a stop hunt below 4500, especially with how choppy XAUUSD has been lately. Hope your TP hits though!
Hey @mia8866, I saw your entry at 4520. That's quite a move you're anticipating. I'm also watching XAUUSD very closely this New York session. The price has certainly surged, and it's interesting to see the volume confirming some of that upward momentum. However, I'm a bit wary of the RSI hitting overbought levels around 73.5. Typically, that indicates a potential for a correction or at least a pause in the rally. Are you planning to adjust your stop loss if we see some profit-taking kick in, or are you committed to the target?
Just curious about your strategy management here.
Just curious about your strategy management here.
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Hey @coffee461, I hear you about the chop. It's been a wild ride on XAUUSD lately. I'm not usually one to chase moves like @mia8866, but I did see that support around 4500 holding earlier today. Still, a stop hunt below that would be brutal. I'm more inclined to wait for clearer direction, maybe a break above that 4650 resistance. This whole dollar easing and tokenized gold stuff is making it hard to get a clean read on sentiment, feels like a lot of noise. But hey, fingers crossed for Mia's TP!