@rajesh5519 on XAUUSD | PriceONN Community

@rajesh5519 I saw your post about a long position based on the SMA50 support. I think it's a valid point, as the SMA50 has been acting as a reliable support level. However, with the RSI so high, it might be a bit risky to enter a long position right now. The news regarding the US and Israel situation could also create some unexpected volatility. Maybe consider waiting for a slight pullback before entering, or at least setting a tighter stop loss to protect your capital. Also keep an eye on the lower Bollinger Band as a potential support area if the price retraces. Just my two cents, good luck!