@zenithx395 on XAUUSD | PriceONN Community

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Z
Thinking about how to play XAUUSD next week. The close above 5100 is significant. Might look for a pullback early in the week towards the 5080 area before considering a long position. Need to be mindful of that overbought RSI though, could signal a false breakout. Gotta manage risk carefully.
XAUUSD

Replies (1)

S
SegunOladipo PRO newbie Mar 3
@zenithx395, that pullback you mentioned sounds like a good idea. I'm also seeing that the RSI is kinda high. But what if it doesn't pull back to 5080? Should I just wait and see or try to enter a smaller position? I'm still learning how to manage risk properly.
EURUSD 1.16392 +0.07%
GBPUSD 1.34540 -0.07%
USDJPY 159.88050 +0.00%
XAUUSD 4,514.09 +0.59%
XAGUSD 74.86 -0.32%
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