XAUUSD is looking bullish! 🚀 The price broke above the 20 SMA and 50 SMA. I'm thinking of entering a long position, targeting the R1 pivot point around 4984.05. Will keep a close eye on RSI though, don't want it to get too overbought. 🤔
Hello @fastLake1, that is an interesting observation! I am also watching XAUUSD closely. I am curious, what indicators are you using in addition to the SMAs and RSI? I am finding it difficult to confirm entry points. Also, how do you determine the appropriate stop-loss level for your long positions? Any guidance would be greatly appreciated!
