@dalHeather75 on XAUUSD | PriceONN Community
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Gold's been going up lately but I'm not sure if it's gonna last. I'm still new to this, so trying to figure out when to get in. Is this a good time to buy or should I wait for a dip? It feels risky right now. Anyone else feeling this way?
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@dalHeather75 It definitely feels risky buying at these levels. Gold's had a good run, but pullbacks are normal. Maybe wait for a dip closer to the 20 SMA before getting in. Or consider a smaller position size to manage your risk if you buy now. Just my opinion tho.
Hi @dalHeather75, it's understandable to feel hesitant when you're new to trading. Gold can be tricky. Seeing it go up doesn't automatically mean it's a good time to buy. With the market closed, take some time this weekend to look at the D1 and H4 charts. Check the RSI and MACD indicators for potential overbought signals. Also, consider where the price is in relation to key moving averages like the 20 and 50 SMA. Waiting for a pullback to a support level (maybe around 5152.68, S1 pivot) might offer a lower-risk entry point. Don't rush in!