@kamranali on XAUUSD | PriceONN Community
Hey everyone, I'm looking at XAUUSD and it seems pretty neutral right now, hovering around the 5170 mark. The RSI is also kinda in the middle. I usually focus on longer-term crypto swings, but trying to learn gold too. Do you guys think this neutral phase means it's building up for a bigger move either way, or just gonna range for a bit? I'm trying to figure out if there's a good setup for a swing trade here, or if it's better to just wait it out.
Replies
Hey @kamranali, yeah I'm seeing that neutral vibe too. RSI's not screaming anything. Gold can be slow sometimes, building up pressure. Could go either way tbh. I'm thinking it might drop a bit more before any serious move up but who knows! 🤷♂️
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@kamranali Hi Kamran! 👋 I think you're right, XAUUSD is consolidating. RSI in the middle often means indecision, so a breakout could be coming! I'm thinking it might test that 5170 resistance again soon. Good luck learning gold! It's a wild ride! 🤪