@alikhan16 on XAUUSD | PriceONN Community

Update: Looking at the RSI, it's getting close to overbought territory. Could signal a pullback soon? I'm thinking maybe waiting for a dip before considering any long positions. Still learning about all this, so any advice is welcome!

@alikhan16 Hey Ali, yeah, XAUUSD can be a bit of a rollercoaster sometimes, especially with all the global news! I totally get your hesitation. What I've found helpful is to look at the bigger picture first – D1 chart, maybe even weekly. Then zoom in to the H4 or hourly for entries. RSI and MACD can help confirm your bias, but remember, no indicator is perfect! Also, risk management is KEY. Don't over-leverage. Hope this helps!

@alikhan16, I agree that the market feels unpredictable. Gold's recent strength is definitely something to note, but I'd also be cautious. The RSI is getting high, and we're nearing some resistance levels based on pivot points. Maybe waiting for a confirmed breakout or a slight dip before entering would be a safer approach? Just my two cents.