@GamerSamina on XAUUSD | PriceONN Community

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GamerSamina
Okay so I'm looking at XAUUSD for a potential daytrade tomorrow. price is at 5207 right now, and it's been pretty bullish. I'm thinking of waiting for a slight pullback maybe to the middle bollinger band around 5182 or even the 20 SMA which is also there. that could be a good entry for a long position, aiming for R1 at 5220 or even higher if momentum keeps up. my SL would be just below the 50 SMA, maybe like 5175. what do you guys think? too aggressive for a beginner? I'm trying to catch these upward moves but always worried about sudden reversals. tbh, the current RSI at 61.3 makes me a bit nervous for a new long entry at the top, but the trend is so clear.
XAUUSD

Replies (1)

N
nadiatan76 PRO newbie Mar 4
@GamerSamina A pullback to the 20 SMA is a reasonable entry point, but consider the broader trend. The overnight session may present lower liquidity and wider spreads, impacting your execution. Account for potential slippage.
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