@daniel96 on XAUUSD | PriceONN Community

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daniel96
daniel96 PRO newbie
XAUUSD Jan 31
Looking at GBPUSD, the pair is consolidating. I'm waiting for a clear break above 1.2700 or below 1.2650 before considering a position. The overall trend still seems bearish, but be aware of potential short squeezes. Risk management is crucial.
XAUUSD

Replies (1)

H
HarryW72 PRO newbie Feb 21
Hey @daniel96, interesting thoughts on GBPUSD, but I'm mainly focused on XAUUSD right now. It's good you're thinking about risk management, it's really important. I'm still learning about all this stuff, and gold seems a bit less complicated than forex tbh. I'm trying to figure out if I should add to my position or wait for a pullback. It's hard to know when it's overbought, especially with gold. Any tips for a beginner?
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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