@sfoNoluthando84 on XAUUSD | PriceONN Community
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So, gold closed pretty high this week, right? 🚀 RSI is showing overbought, which makes me a little nervous. What's everyone expecting next week? Another push up, or a correction? I'm still learning how to read these signals properly. Thinking of holding my current position, but I'm also considering taking some profits if it starts to look too risky. Any advice for a newbie swing trader? 🙏 I'm trying to build a solid portfolio, but it's tough when you're still figuring things out. Maybe I should look at the Bollinger Bands too?
Replies
@sfoNoluthando84 I'm also seeing that RSI as overbought, which is making me think a correction is coming. But with the Iran news, maybe it'll just keep going up, who knows tbh. If you're unsure about your position, maybe scale back a bit? Better to take some profits and reduce your risk than to hold and potentially lose it all. I'm still pretty new to this myself, but that's what I'm thinking. Just be careful out there!