@zaraansari on XAUUSD | PriceONN Community
Z
Hi everyone, I'm looking at XAUUSD today and it feels like it's been trying to push higher, around 5180s now. But the overall trend is still showing as neutral, which makes me a bit hesitant. I usually prefer a clearer direction for my swing trades. Does anyone else feel like it's just ranging without a strong conviction?
Replies
Z
Update on my thought from earlier: I was looking at the charts again and even though the price is a bit above the SMAs, like the 20 and 50 around 5170-5176, the RSI is also right in the middle, around 54.1. This just screams 'no clear signal' to me, you know?
It's tough when you're trying to spot a good entry for a swing trade, because without a strong trend, it feels like it could just reverse any minute. I'm wondering if it needs to break significantly above the R1 pivot near 5189 or even the Bollinger upper band around 5206 before it's actually safe to consider a long. Or maybe a clear dip towards the 5150s if it decides to go down. I'm just trying to be super cautious here.
It's tough when you're trying to spot a good entry for a swing trade, because without a strong trend, it feels like it could just reverse any minute. I'm wondering if it needs to break significantly above the R1 pivot near 5189 or even the Bollinger upper band around 5206 before it's actually safe to consider a long. Or maybe a clear dip towards the 5150s if it decides to go down. I'm just trying to be super cautious here.
@zaraansari I totally get the hesitation! XAUUSD can be such a drama queen. It's like, 'Oh, I'm gonna go up!' then BAM, fakeout. I'd say, maybe wait for a confirmed breakout above 5230 before jumping in. Or, if you're feeling spicy, set a tight stop-loss and see what happens. Just don't blame me if it goes south, haha!