@NomusaKhumalo86 on XAUUSD | PriceONN Community
Okay, so XAUUSD closed pretty high this week. RSI is showing overbought territory, which makes me a bit nervous about a pullback on Monday. I'm thinking of waiting for a small dip before entering a long position. Gotta manage that risk, you know? Maybe around the 5250 level?
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Update: Thinking about setting a tighter stop-loss than usual, maybe around 5270, just in case. Don't want to get caught out by a sudden reversal. Still bullish overall, but gotta protect that capital! What do you guys think of using the 20 SMA as a potential support level?