Hello guys, discussion on XAUUSD

[jinanasr]

Anyone here actively trade XAUUSD?
I want to discuss on this, maybe you guys can correct me if im wrong.
From what we can see is that the XAUUSD have reached its all time high after so long and currently at the peak at its Resistance. I'm actually a swing trader and i hold my position for a period amount of time. is it safe to say that i can sell my position?

 

[valerkata]

It is very hard to know where exactly will reach, u can start loking for the bars on the bigger time frame, lok on d1 if the prise will go up, first it leaves tail and then go

 

[khurramali]

its in an uptrend, so buy at corrections. unless the prices falls below 200 EMA on your timeframe, then its still in an uptrend.

 

[leoforest]

nice. hope to see more indicators...and strategies

 

[Fxzombie]

In 2024 gold reached a new all-time high in the range of $2585 before the Fed cut interest rates, there is debate about a cut of perhaps 50 basis points or 25 basis points, if the cut is 50 basis points perhaps gold will soar again, but we need to be wary of profit taking. that might shift expectations.

 

[daniel6769]

in the long term, it is a good idea to buy gold in low price with small lot size and hold it for a long time.

 

[teng0311]

nice. hope to see more indicators...and strategies

 

[fatherdougc]

lost alot of money playing with gold, i guess its not for everybody,

 

[Fxzombie]

It seems that the increase in gold prices is being challenged because Trump is the winner over Kamala Harris. The factor that influenced the decline in gold prices due to the strengthening of the USD was that Trump's policies could trigger a trade war with China because he promised to increase trade tariffs on China by at least 60%.