@chiomaokoro10 on XAUUSD | PriceONN Community

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chiomaokoro10
chiomaokoro10 PRO newbie
XAUUSD Dec 18
Gold seems to be holding steady. Is anyone else watching for a possible pullback before continuing higher? I'm thinking of waiting for a dip closer to the SMA 20 before adding to my position. I'm looking for confirmation on the D1 timeframe.
XAUUSD

Replies (1)

G
gauravshah29 PRO newbie Mar 3
@chiomaokoro10, that's an interesting point about waiting for a pullback to the SMA 20. I'm also watching the D1 timeframe. I'm still learning about confirmations, what specific signals are you looking for before adding to your position? Also, do you use any other indicators besides the SMA to confirm your entry? I'm trying to incorporate more confluences into my trading plan. I think waiting for a dip to around 5356 makes sense to me, but I am not sure about my analysis. Thanks for sharing your thoughts!
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