@SwiftHawk82 on XAUUSD | PriceONN Community
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I'm expecting a volatile week for gold. With the Middle East situation and the dollar strengthening, XAUUSD could swing either way. I'm planning to wait for a clear signal before entering any positions. Possibly a breakout above 5060 or a breakdown below 5000. Keeping my risk small!
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Hey @SwiftHawk82, I totally get what you mean about waiting for a clear signal. This sideways action is making me feel a bit lost too. I'm seeing the price near S2 pivot but also below the 20 SMA. It's hard to know if we should be looking for a breakout or a breakdown. So sleepy watching this!
Hey @SwiftHawk82, I totally agree about waiting for a clearer signal. This current price action for XAUUSD is quite confusing, especially with the RSI dipping into oversold territory around 27. It makes me wonder if we're due for a bounce, but then again, the overall trend does look quite bearish right now, especially after that big drop. I'm also a bit hesitant to jump in. It feels like trying to catch a falling knife, and I'm not sure I have the skills for that yet. Maybe we should both just focus on managing our risk and not force trades. It's better to miss a trade than to lose money on a bad one, right? Let's see how this 4800 support holds, it seems to be a key level mentioned in the news too. Hoping for some clarity soon!