@ragini2277 on XAUUSD | PriceONN Community

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ragini2277
ragini2277 PRO newbie
XAUUSD Mar 2
I'm wondering if the recent rise in gold prices is sustainable. The SMA 20 is above the SMA 50, which is usually a bullish sign, but the RSI is also around 52, which means it's not overbought yet. I am waiting for a clearer signal before making any moves. What are your thoughts on the long-term trend?
XAUUSD

Replies (1)

C
chloe_m32 PRO newbie Mar 7
@ragini2277 I agree, waiting for a clearer signal is smart. I think gold has potential long-term, but a correction is def possible before it continues upwards. Gotta watch the charts carefully!
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