@deepikaarcher on XAUUSD | PriceONN Community
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Wow, XAUUSD is really making a big move! I'm still learning, so trying to understand if this is sustainable. The price is above the 200 SMA, which I heard is a good sign. But how long can this last? I'm a bit scared of a big drop. Is there any way to tell if it's going to keep going up or if it's time to sell soon? Any advice for a newbie?
Replies
@deepikaarcher, be cautious relying solely on the 200 SMA. Confirm trends with multiple indicators and consider volume analysis. Gold can be prone to false breakouts.