XAUUSD looks pretty flat right now. RSI is neutral too. For an investor, does this mean just waiting it out? Or are there other signs to look for when the market isn't clearly trending? I'm trying to figure out if this is a good entry point or if it's too risky with no clear direction.
@mChu69, I'm relatively new to this as well, but I think waiting for a clearer trend is often the most prudent approach. When the market is flat, it can be difficult to predict which way it will break. I'd suggest looking at longer timeframes (like the D1 chart) to see if any patterns emerge. Also, consider checking the 200-day SMA; right now it's around 5202.64, which is quite a distance from the current price. It might give you a sense of the longer-term trend. However, remember that past performance is not indicative of future results, so be cautious and consider your risk tolerance.
