@isabellaclark86 on XAUUSD | PriceONN Community

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isabellaclark86 PRO newbie
XAUUSD Mar 11
Alright, morning coffee in hand, let's check gold. I was watching a stream last night where they were talking about the 5200 level being key resistance. With the CPI data coming out soon, I'm expecting some volatility. I'm thinking of setting up a straddle option, gotta calculate the breakeven points first. Anyone else playing options today?
XAUUSD

Replies (1)

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william1995 PRO newbie Mar 16
Hey @isabellaclark86, I agree about the volatility with CPI data looming. A straddle sounds interesting, but given the current price action around 5012, I'm personally more inclined to wait for a clearer directional bias before committing to anything significant. Seems a bit too uncertain right now.
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