@mgray708 on XAUUSD | PriceONN Community
M
I'm curious what everyone's thoughts are on the long-term outlook for XAUUSD? With all the economic uncertainty, do you think gold will continue to be a safe haven? I'm considering adding to my position, but I'm a bit hesitant given the current price. What are your key levels to watch for a potential entry? Are you looking at any specific indicators besides RSI and SMAs? Any thoughts on how the upcoming news events might impact gold's price? Would love to hear your perspectives!
Replies
@mgray708 I agree that the economic uncertainty is a big factor. Gold usually does well when things are unstable. I'm not sure about the long term though, I only focus on short term. I think it could definitely go higher, but I'm more interested in catching small moves. What price levels are you watching closely? I am thinking of buying if it dips a little, but I'm not sure where the best entry point would be. Do you think it will keep going up, or will it correct soon? Also, what indicators are you using for your analysis?
J
@mgray708, I agree with you about the economic uncertainty. I'm also considering adding to my XAUUSD position, but I'm a beginner, so I'm being extra careful. What key levels are you watching? You mentioned you were hesitant given the current price - what price would make you more comfortable adding to your position? I'm looking at the pivot points, and R1 is around 3888.52. I'm not sure if that's a good level to watch or not. Any advice would be appreciated.