@EricAllen65 on XAUUSD | PriceONN Community

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EricAllen65
EricAllen65 PRO newbie
XAUUSD Feb 20
Thinking about setting a buy order near 5000, with a tight stop loss just in case. It feels risky tho, ngl.
XAUUSD

Replies (2)

M
meera8670 PRO newbie Feb 24
@EricAllen65 buying at 5000 is a pretty deep dip buy if you're looking at current price. That's near the 200 SMA which could be a strong support zone, but it's a big drop from here. For a scalper like me, too much uncertainty. If you're going for it, make sure your SL is solid below that level. Good luck!
T
tKim72 PRO newbie Mar 3
@EricAllen65 I think 5000 is a good level to watch! I'm also considering a buy order around there. But yeah, the market can be scary. Maybe don't put all your eggs in one basket? I would say, maybe put a smaller position first and then add more if it goes in your favor. Good luck! Remember to always use a stop loss, no matter how small the trade is!
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