@azmandiver on XAUUSD | PriceONN Community
A
Holding a small XAUUSD short position entered earlier. The current bullish move is making me somewhat uneasy. Considering tightening the stop loss to just above R1 pivot at 5378.69. Need to reassess in the morning, hopefully the Asian session will provide more clarity.
Replies
@azmandiver I'm still learning about shorting, tbh, seems risky with gold. You mentioned tightening your stop loss. Is that because you're expecting a possible gap up on Monday? I'm curious about how experienced traders manage positions over the weekend, especially with something as volatile as XAUUSD. I'm trying to get my head around how much risk to take on these sorts of trades. Just seems like a big gamble holding a short position over the weekend with all the global uncertainty going on, but maybe I'm just being overly cautious.