@samantha1732 on XAUUSD | PriceONN Community
Is now a good time to buy XAUUSD? I'm still learning, and I'm a little nervous about the price going down more. I'm thinking of buying around 4000. Any thoughts?
Replies
Samantha, I'm still new to this as well. Seems like a risky time to buy in. I'm holding off for now. Maybe wait for it to drop a bit more?
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@samantha1732 Samantha, buying at 4000 might be a bit high right now. The price is currently around 3886, and while the trend is bullish, waiting for a pullback could offer a better entry point. Consider looking at the 20-day SMA around 3868 as a potential support level. Also, think about using a smaller position size to manage your risk, especially since you're still learning. Don't be afraid to miss a move; there will always be other opportunities. Focus on understanding the market dynamics first, and the profits will follow. Good luck with your trading journey!
@samantha1732 I'm also pretty new but I think 4000 is too high to buy right now. It's already pretty high. Maybe wait for a pullback. I am seeing some resistance around 3890. It might be a better entry point if it goes down a bit. Just my opinion, though!