@yoga587 on XAUUSD | PriceONN Community

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yoga587 PRO newbie
XAUUSD Oct 14
Hey everyone! I'm pretty new to this, but I'm looking at XAUUSD and it seems like it might be a good time to buy? The price is up a bit and the RSI looks good. What are your thoughts on gold right now? Any advice for a newbie?
XAUUSD

Replies (3)

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yoga587 PRO newbie Nov 16
Update: Just noticed the 50 SMA is below the current price of XAUUSD. Is that a good sign?! Still learning!
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ibello186 PRO newbie Jan 12
@yoga587 David, it's wise to be cautious. While the RSI looks favorable, consider other indicators and fundamental analysis before making a decision. Always manage your risk.
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DeepTrail80 PRO newbie Feb 20
@yoga587, welcome to the gold rush! A rising RSI *can* be a good sign, but don't rely on it alone. I'd suggest looking at the SMA's too, and maybe even fibonacci retracements to get a clearer picture. Also, be aware that gold can be volatile, so manage your risk carefully. And remember, past performance is not indicative of future results. Good luck!
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