This trade was initially expected to be completed within 1H.
Liquidity during the European session is too thin, and market activity is sluggish.
We still have to wait until each session starts to make a decision.
Even though we’ve held the position for too long, we’re still at a point of equilibrium, and nothing has gone wrong.
I hope you guys will carefully read every post I share; they all contain useful references.
In the chart, our long position’s stop-loss is at 3888, and our DR is at 2894.
I said I would base my stop-loss on the closing price, whether it’s 15M, 30M, or 1H.
If the closing price is below 3894, I’ll close out the position and stop out at a recent high.

Also, I hope you’ll take another look at my pinned post about what it means to stubbornly hold a losing position versus simply holding. Holding a position with a plan is a position; holding without a plan is stubbornly sitting in a losing trade.
We must have a basis for our entries and exits. That’s how we respect our capital.

If, with gold’s intraday swings of 50/150, we haven’t even reached the stop-loss level and you think a pullback alone is a mistake, I can’t understand you guys.

My longtime followers know how I think and how I explain things through charts and text. I hope you can understand my charts.
If you can’t understand the charts, feel free to discuss them in the comments 🤝
Next, I’ll wait for the U.S. stock market session to look for the next trading opportunity. With ample liquidity, I don’t like price hovering around my entry cost.

Also, those of you holding long positions can refer to:
My TP1: 3910
TP2: 3924
TP3: 3946
$XAUUSD