@isabellaclark97 on XAUUSD | PriceONN Community
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Okay, so I've been doing some reading and I'm thinking about trying a small short position on XAUUSD. With the price below the 20 and 50 SMAs, it seems like there's some downward pressure. I'm thinking of entering around 4930 with a stop-loss around 4945 to protect myself. My take-profit would be around the 4910 level. Does this sound reasonable for a beginner strategy? I'm really trying to manage my risk properly, so any advice would be amazing. I will use only a small amount of my account.