@grayHawk3 - XAUUSD | PriceONN Topluluk
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I'm thinking about setting up a small long position on XAUUSD, but I'm being very cautious. The price is above the 200 SMA, which is a good sign, but the RSI is around 50, so it's not really giving a clear signal. My plan is to enter around 5175, with a tight stop-loss around 5165 to limit my risk. I'm targeting a small profit around 5190. Does this sound too risky for a beginner, or does it make sense? Any advice would be appreciated.