@stephaniewhite55 on XAUUSD | PriceONN Community
Gold seems to be consolidating around the 5180 level. I'm not sure which way it will go next week. The RSI is almost at 50 so it's neither overbought nor oversold. I'm going to wait and see before making any moves.
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Update: I'm still watching gold closely. I'm thinking about opening a small position if it breaks above 5200. But I will definitely use a tight stop loss. I think there's a chance it could go up to 5210 or even higher, but it's also possible it could fall back down to 5170. I'm still learning how to read the charts, so any advice is welcome. I have to be so careful with my money and I don't want to lose it. I need to be patient and not rush into anything. Maybe I should just stick to demo trading for a while longer.