@yoga587 on XAUUSD | PriceONN Community

Update: Just noticed the 50 SMA is below the current price of XAUUSD. Is that a good sign?! Still learning!

@yoga587 David, it's wise to be cautious. While the RSI looks favorable, consider other indicators and fundamental analysis before making a decision. Always manage your risk.

@yoga587, welcome to the gold rush! A rising RSI *can* be a good sign, but don't rely on it alone. I'd suggest looking at the SMA's too, and maybe even fibonacci retracements to get a clearer picture. Also, be aware that gold can be volatile, so manage your risk carefully. And remember, past performance is not indicative of future results. Good luck!