@MusicEmeka on XAUUSD | PriceONN Community

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MusicEmeka
MusicEmeka PRO newbie
XAUUSD Feb 19
Gold seems to be on a bit of a run lately, but I'm still being careful. It's gone up quite a bit, but I'm worried about a possible pullback. Need to watch out for news and see if this trend continues or if it's just temporary. I think I'll wait and see before making any big moves.
XAUUSD

Replies (1)

E
emilybrown43 PRO newbie Feb 21
@MusicEmeka, your caution is well-placed. Gold's recent surge does warrant careful consideration, especially with the overbought RSI. A pullback is definitely a possibility, and fundamental news can quickly shift the market sentiment. Perhaps consider scaling into positions gradually rather than making one large entry. Also, setting a wider stop-loss than initially planned may be prudent to avoid being stopped out prematurely due to volatility. It's always best to protect your capital, and waiting for confirmation is a wise strategy.
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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