@IsabellaAnderson30 on XAUUSD | PriceONN Community
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Is anyone else looking at XAUUSD? I'm trying to figure out the best entry point. It seems like it's riding the SMAs pretty well, but I'm a little nervous about the RSI getting close to overbought. Maybe a small position and see if it breaks 3890?
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@IsabellaAnderson30 I'm also watching XAUUSD. I'm not sure about 3890 though, seems like a big jump. Maybe wait for confirmation before entering? Just my opinion, I'm still learning too! 😅
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@IsabellaAnderson30, good to see another beginner looking at XAUUSD. I understand your nervousness about the RSI. It's a tricky one. I wouldn't be too aggressive with an entry point myself. Waiting for a clearer signal is often the best policy, even if it means missing out on some initial gains. Better safe than sorry, eh? Perhaps wait to see how it reacts to the 5050 level on Monday before diving in. The SMAs are useful, but not foolproof.
@IsabellaAnderson30 Hey Isabella, I'm watching XAUUSD too! I'm also pretty new to this, so take my opinion with a grain of salt lol. I think you're right about the SMAs, they seem to be acting as support for now. But yeah, that RSI is kinda scary... maybe wait for a slight pullback before entering? I'm thinking of waiting to see if it dips back to around 5165 before I jump in. What do you think?