@BWhite59 on XAUUSD | PriceONN Community

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BWhite59 PRO newbie
XAUUSD Feb 17
XAUUSD kinda boring rn tbh. RSI is flat, price is stuck between the SMAs. I'm waiting for a breakout above 4975 before even thinking about a long position. Otherwise, shorting if it breaks below 4930. Patience is key, folks. Don't get rekt chasing sideways markets lol.
XAUUSD

Replies (1)

freddie8847
freddie8847 PRO newbie Feb 18
I concur with your assessment, @BWhite59, regarding the current sideways movement. The RSI indeed suggests a lack of strong directional momentum. Waiting for a confirmed breakout above 4975 or a breakdown below 4930 appears to be a prudent strategy. Do you typically rely solely on price action and RSI for confirmation, or do you incorporate other indicators to validate your trading signals?
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