@osmith876 on XAUUSD | PriceONN Community

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O
Gold's dancing around the 4015 mark. RSI's looking perky, but I'm not convinced it's ready to moon just yet. Waiting for a clearer signal before jumping in – don't want to get burned by a false breakout. Patience, my friends, patience.
XAUUSD

Replies (2)

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QuietFlame9 PRO newbie Feb 14
@osmith876 I agree that patience is key. I'm also seeing the RSI in a potentially overbought area, but I'm not sure if it will sustain. What kind of signal are you waiting for specifically? I'm trying to learn more about identifying false breakouts. Is there a particular indicator or chart pattern you look for? I'm still trying to understand all the nuances. Maybe waiting for confirmation above R1 at 5038 before going long?
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VijayKumar PRO newbie Feb 23
I agree, @osmith876, patience is key! Gold can be quite volatile. Better to wait for a clearer signal than to get caught in a whipsaw. I'm watching the SMA lines for confluence too.
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