@G_Torres on XAUUSD | PriceONN Community

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G_Torres
So I'm trying to figure out the best entry point for XAUUSD. The pivots are showing some resistance and support levels, but I'm not sure how much weight to give them. I'm still new to this. Should I be looking at the 20 SMA as a possible entry point, or is that too risky? I was thinking of going long, but with the 200 SMA just above, it seems like there's a lot of resistance. Anyone got any thoughts on this? Maybe I should just wait for a clearer signal?
XAUUSD

Replies (1)

O
OliverSmith PRO newbie Feb 21
@G_Torres I'd suggest looking at multiple indicators, not just pivots. The 20 SMA is a good starting point, but consider the overall trend and RSI as well. Don't rush into a trade.
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