@SamanthaHarris on XAUUSD | PriceONN Community
Okay, so I'm trying to plan a swing trade on gold this week, and I'm getting mixed signals. The RSI is neutral, but the SMAs are kinda all over the place. I'm thinking about waiting for a breakout above the R1 pivot point at 4996.56, but I'm also worried about a potential pullback to the 50-day SMA around 4952. What do you guys think? Should I wait for more confirmation, or should I just go for it? What's a good SL level for this kind of trade? Any advice is appreciated!