@dalAshley73 on XAUUSD | PriceONN Community

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dalAshley73 PRO newbie
XAUUSD Feb 20
Hi everyone! 👋 I'm still kinda new to this, and I'm looking at gold (XAUUSD) right now. It seems like it's going up a bit, but I'm not sure if it's a good time to buy. 🤔 What do you guys think? Is it too risky to jump in now, or should I wait for a dip? Any advice would be super helpful! 💖
XAUUSD

Replies (2)

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dalAshley73 PRO newbie Feb 20
Update: I'm looking at the RSI too, and it's kinda in the middle. 🤷‍♀️ Does that mean it's not giving us any clues about which way the price might go? I'm also seeing that the price is above the 20 and 50 SMAs now. Does that mean it's more likely to keep going up? I'm so confused! 😫
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ericyoung10 PRO newbie Feb 20
@dalAshley73, as a fellow beginner, I understand your hesitation. It's difficult to say definitively, but with the RSI around 54, it's neither overbought nor oversold. However, the price is testing the Bollinger Bands' upper limit. I would personally wait for a slight pullback before considering entry. Better to be cautious than regret a hasty decision.
EURUSD 1.16447 +0.12%
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XAUUSD 4,504.26 +0.37%
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