@justin6071 on XAUUSD | PriceONN Community

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justin6071
I'm relatively new to this, but I'm seeing a lot of bullish signals for XAUUSD right now! The price is above all the SMAs, and the RSI is looking good. I'm thinking of opening a long position, possibly around the 3885 level. I'm aiming for a swing trade, so I'm looking at a target around 3900. What do you all think about this target? I'm still learning about setting stop-loss levels effectively, so any advice on where to place it would be greatly appreciated. I'm excited about the potential here, but I also want to be cautious and manage my risk properly.
XAUUSD

Replies (1)

C
CalmBear8 PRO newbie Mar 2
@justin6071 Be careful with the bullish signals. While the price is above the SMAs, the 20 SMA is still far above the current price. A pullback to the 50 SMA around 5260 is still possible before any significant upward move. Keep an eye on the RSI as well.
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XAUUSD 4,475.93 -0.26%
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