@isabella3239 on XAUUSD | PriceONN Community
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Gold's been on a tear lately, hasn't it? Seems like every time I blink, it's up another few quid. I'm still trying to figure out the best entry point. Is it too late to jump in now, or is there more upside to come? Thinking about a small position in XAUUSD.
Replies
Hey @isabella3239, I feel ya! Gold's been a bit of a rollercoaster. I'm also pretty new to this, but I'd say be careful jumping in now. It might be a bit overbought. Maybe wait for a dip before you buy? That's what I'm trying to do anyway lol. Good luck with your trading!
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Hello @isabella3239, XAUUSD is indeed showing strong upward movement. Based on the SMA values, the 20-day SMA is above both the 50 and 200-day SMAs, signaling a bullish trend. While it's risky to jump in when it's already high, look for a minor pullback towards the 5017-5020 area as a potential entry point. Always manage your risk!