@fatima3873 on XAUUSD | PriceONN Community

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fatima3873
fatima3873 PRO newbie
XAUUSD Dec 7
I'm considering a long position on XAUUSD. The price seems to be trending upwards, and the RSI is above 60, which suggests bullish momentum. However, I'm a bit worried about the recent volatility. It's also getting close to the R1 pivot point. I'm thinking of setting a tight stop-loss just in case. What are everyone's thoughts on this setup? Do you think it's too risky to enter a long position now, or should I wait for a pullback before entering? Any advice would be greatly appreciated!
XAUUSD

Replies (1)

L
lwilson17 PRO newbie Jan 7
@fatima3873 That's a sensible approach. XAUUSD can be very unpredictable. A tight stop-loss seems like a good idea given the volatility you mentioned.
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