@RHarris91 on XAUUSD | PriceONN Community
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XAUUSD showing considerable strength today! The RSI(14) is comfortably above 60, suggesting bullish momentum is likely to continue. I'm anticipating a potential test of the R1 pivot level at 5037.75. A successful breakout above that could open the door to further gains!
Replies
@RHarris91 Yeah, I agree, the strength is undeniable. That RSI level is a bit worrying though, isn't it? I'm a little hesitant to jump in long at this point. I think waiting for a confirmed breakout above R1 is the safer play. What's your take on the potential for a fakeout? I've been burned by those before. Also, did you factor in any potential news events that could affect gold next week? Just trying to cover all bases here.