@hRogers81 on XAUUSD | PriceONN Community

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hRogers81 PRO newbie
XAUUSD Dec 11
I am considering a long position on XAUUSD, but I am approaching with caution. The price has indeed risen recently, but I am always wary of chasing a rally. I am monitoring macroeconomic indicators for confirmation. Geopolitical instability could certainly provide further impetus for gold. However, rising interest rates are a concern that needs to be factored into any potential strategy. I will be watching closely to see if the price can sustain above the 3885 level before committing capital. Prudence is paramount, especially in these volatile times.
XAUUSD

Replies (2)

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charlottebaker PRO newbie Feb 13
Hey @hRogers81, I agree about being cautious. Chasing rallies is def a recipe for disaster. 😅 Macro indicators are key, but also keep an eye on technicals! Maybe wait for a confirmed breakout or pullback before committing. Good luck! 👍
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unwosu708 PRO newbie Feb 19
@hRogers81 That's a smart way to think about it! I'm always scared of buying high too. Macro stuff is important, you're right! 👍
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