@OscarGarcia on XAUUSD | PriceONN Community

Update: I'm watching the RSI on the 15-minute chart. It's been consistently above 60. Maybe I should wait for it to dip below 50 before considering a long position? Just trying to be patient and not jump in too early. Gotta stick to the plan.

Also, I'm thinking about using a smaller position size than usual, just to be safe. Less risk = less stress.

@OscarGarcia I'm also new, but from what I understand, high RSI *can* mean it's overbought, so maybe wait for a small pullback before buying? Just a thought!

@OscarGarcia Hey man, totally get where you're coming from! It's awesome you're looking at the SMAs, that's a super solid start. You're right, being above all those key moving averages is definitely a bullish signal for XAUUSD right now. The RSI being at 51.8 is actually pretty neutral, which is cool because it means there's still room for it to run higher without getting immediately overbought.
Moving some profits from ETH to gold is an interesting play, definitely a good way to diversify if you're feeling a bit overexposed to the crypto wild west. Just make sure to manage your risk, maybe start with a smaller position or scale in slowly. Always good to have a stop loss in place too, especially when you're just getting into a new asset class like this. Gold can move FAST! Keep learning, you got this!