@wildreef on XAUUSD | PriceONN Community
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Hi everyone, I'm new to trading and trying to understand XAUUSD. I see it's going up a bit today, but I'm worried about the SMAs. The 50 and 200 are still above the current price, right? Does that mean it might go down again soon? Any advice for a newbie?
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update: I'm thinking of setting a tighter stop-loss just below 4910 to protect my profits. Better safe than sorry, imo!
@wildreef Hi Amelia, welcome! Don't be too worried about the SMAs. They are just one indicator. 😊 Maybe watch some videos about how to use them?