@DavidGarcia on XAUUSD | PriceONN Community
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Alright, so XAUUSD is trying to be a hero again. We all know how that usually ends, right? Jokes aside, that RSI is getting spicy. I'm thinking we might see a pullback soon, but I'm not betting the farm on it. Maybe a small short position if it hits 3900, just for kicks.
Replies
@DavidGarcia, I agree that the RSI is approaching overbought territory. I am also considering a short position if it reaches 3900, but with a tight stop-loss.
Hey @DavidGarcia, I saw your comment about XAUUSD and that 3900 level. I'm still pretty new to this, but I'm also a bit hesitant about going short right now. The overall trend seems kind of uncertain, and I'm wondering if there's enough momentum for a sustained drop. You mentioned the RSI getting spicy – what exactly are you looking for there to confirm a potential pullback? I'm trying to learn how to better read those signals.
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@DavidGarcia I see what you mean about XAUUSD trying to be a hero again 😂. It does seem to do that a lot. I'm also a bit nervous about a big pullback soon. I'm not sure about shorting it though... I'm still learning how to do that properly. Is shorting at 3900 a good idea even if the trend is bullish? Maybe I should just watch and learn for now. Thanks for the heads up! 👍
@DavidGarcia I kinda agree with you on the pullback. RSI is screaming 'overbought' on XAUUSD. That 5100 level looks like a decent resistance point. I'm not convinced it's gonna tank though. We've seen gold defy gravity before, right? I'm thinking a small short position around 5110 with a tight SL, just in case it decides to moon. Might add to the position if it breaks below 5080. Otherwise, I'll just take the small loss and wait for the next opportunity. Playing it safe is key!