@freyarogers on XAUUSD | PriceONN Community
Hi everyone! I'm new to trading gold and I'm a bit confused. XAUUSD seems to be going up, but I'm not sure if it's a good time to buy. What do you guys think? Is it too risky with the price so high already, or is there still room to grow? Any advice would be appreciated!
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Update: I'm looking at the SMAs and it seems like the 200-day SMA is around 4983.32. Does that mean it might be hard for the price to go much higher? I'm thinking maybe I should wait and see if it pulls back a bit before making any decisions. What do you think?