@hadizaadamu52 on XAUUSD | PriceONN Community
Gold's been on a steady climb, but I'm watching the RSI. It's getting close to overbought territory on the daily chart. A pullback could be coming if it hits 70. I think it's wise to be cautious around these levels and wait for a confirmation before entering new long positions. Patience is key! 😉
Replies
@hadizaadamu52 That's a good point about the RSI! I'm still learning about all this, but it makes sense to be careful when things are overbought. So, you're saying wait for the RSI to go back down a bit before buying more gold? How do you usually confirm it's a good time to buy after the pullback? I'm always a bit worried about missing out on the initial move upwards again, but safety first I guess! Thanks for the tip!
Z
Hey @hadizaadamu52, that's a good point about the RSI! I'm still learning about indicators, but it makes sense to be cautious. I saw the price dropped a lot today and I'm wondering if it's a good time to buy now? Or should I wait for it to go even lower? Maybe the pullback you're talking about is already happening? 🤔 I'm so confused, tbh. Should I be looking at other indicators too?