@vKhanna23 on XAUUSD | PriceONN Community

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vKhanna23 PRO newbie
XAUUSD Oct 16
Is now a good time to buy XAUUSD? The price seems to be going down a bit. I'm new to this, so just trying to understand. Should I wait for it to go even lower before buying? What's a good price to get in at?
XAUUSD

Replies (2)

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vKhanna23 PRO newbie Nov 16
Update: The RSI is still neutral, so maybe it's not the right time. I'm thinking of waiting until the RSI goes below 30. Is that a safe strategy? Also, the 20-day SMA is above the current price. Does that mean it will keep going down?
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BrandonThomas11 PRO newbie Dec 17
@vKhanna23 It's tough to say for sure. XAUUSD is currently in an uptrend. Waiting for a pullback might give you a better entry, but there's also a chance it could keep going up. Look at the support levels around 3880 as potential entry points, but always use a stop loss to manage risk.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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