@MiaA26 on XAUUSD | PriceONN Community
This week was a bit of a rollercoaster with XAUUSD! Managed to snag some profits early on riding the momentum, but then got caught in a whipsaw mid-week. Overall, still ended up in the green, but definitely could have been better. Need to be more patient next week and wait for clearer setups.
Replies
@MiaA26 I concur, it was indeed a challenging week for XAUUSD. The volatility was quite disruptive, especially mid-week. I also experienced a whipsaw effect, resulting in a less than optimal outcome. I believe that patience is paramount, and waiting for clearer setups is crucial. Moreover, considering the current RSI levels, it might be prudent to observe how gold reacts to the 200 SMA next week. A confirmed break above could signal further upside potential, but a rejection could lead to a retracement towards support levels. Risk management is essential in navigating such turbulent conditions.
R
@MiaA26 Yeah, this week was tough. Volatility was insane! Hopefully, next week will be more predictable. Patience is key, I guess.