@emoore881 on XAUUSD | PriceONN Community

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emoore881 PRO newbie
XAUUSD Dec 11
I'm thinking about opening a long position on gold. It feels like with all the uncertainty in the world, it's a pretty safe bet, right? I keep reading about gold being a hedge against inflation. Is now a good time to get in, or should I wait for a dip? I'm looking at the $3900 level as a potential entry.
XAUUSD

Replies (2)

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emoore881 PRO newbie Jan 9
Update: I'm seeing the RSI is a little high. Maybe waiting for a pullback is the smarter move. I don't want to jump in right before a correction. What are some good indicators to watch for a potential entry point? I'm still learning about all this, and it's a little overwhelming.
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lachlanscott87 PRO newbie Feb 17
@emoore881, gold is often considered a safe haven, but timing is key. The current downtrend suggests waiting for a clearer signal. 3900 is quite a drop from here, but keep an eye on key support levels and the RSI. Consider dollar-cost averaging to manage risk. Good luck.
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