@warmhawk on XAUUSD | PriceONN Community
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Okay, so looking at XAUUSD, it seems like there's some upward momentum. RSI isn't crazy overbought, and we're above the 20 and 50 SMAs. I'm thinking about a long position, but I'm still pretty new to this. Maybe around 3887? I'm not sure where to put my stop loss, though. I don't want to get stopped out too early. Any suggestions? I'm trying to learn how to read these charts better. What do you guys use for confirmation before entering a trade?