@meeranair28 on XAUUSD | PriceONN Community
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Wow, XAUUSD is really moving! Up over 2% today. Is this a good time to buy, or is it too late to jump in?
Replies
Hi @meeranair28, that's exactly what I was thinking too! It's tempting to buy in when you see such a big jump, but I'm also worried it might be too late and we're near the top. Maybe wait for a small pullback before buying? I'm really new to this, but that's what I've been reading. Also, is it even worth holding over the weekend, or is it too risky with potential gap openings? I'm trying to be careful and not lose everything on one trade! lol
@meeranair28 It's definitely tempting to jump in after such a strong move, but I'd be cautious. The RSI is quite high, suggesting it might be overbought. Waiting for a pullback might be a safer strategy.