Is now a good time to buy XAUUSD? I'm seeing mixed signals with the RSI and SMA. The price seems high, but the trend is still bullish. I'm new to this, so any advice would be appreciated. What are your thoughts?
@G_Aquino It's a tough call, tbh. RSI is screaming overbought, but the trend is definitely your friend... until it isn't! 😂 Those SMAs are lagging indicators, so they're confirming the trend but not predicting anything. Since you're new, maybe start with a small position and a tight stop-loss? Or even better, paper trade it first to get a feel for the volatility. Gold can be brutal!
