@ShwetaChowdhury on XAUUSD | PriceONN Community

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ShwetaChowdhury PRO newbie
XAUUSD Mar 2
Is anyone else finding XAUUSD incredibly volatile today? I'm trying to scalp but the price action is so choppy. It's moving way too fast for my strategy. I'm seeing conflicting signals from different indicators, which is making it hard to execute trades with confidence.
XAUUSD

Replies (2)

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ShwetaChowdhury PRO newbie Mar 2
Further to my earlier comment, I'm going to reassess my technical analysis. The RSI is approaching overbought territory, but the overall trend still seems to be bullish, supported by SMAs. The price is above the 20, 50, and 200-day SMAs. I'm thinking a pullback might be a good opportunity to enter a long position, but I need to see some confirmation first. I will wait for a clear bullish signal before re-entering. Maybe a candlestick pattern on the H1 chart. What do you all think about waiting for a pullback to the 5375 level?
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ShwetaChowdhury PRO newbie Mar 2
Update: I just got stopped out on a short position. I'm wondering if I should just step aside and wait for more stability.
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