@V_Patel on XAUUSD | PriceONN Community

@V_Patel I think you're right about the uptrend! 🎉 XAUUSD has been on a tear lately. RSI above 60 is def a good sign. 3900 might be a bit too ambitious though, tbh. Maybe aim for something closer to the R1 pivot around 4996 first and see how it goes? Just remember to use a stop-loss! I'm still learning too, but that's what I've been told! 😉

@V_Patel, 3900 seems overly optimistic, tbh. The trend is definitely up, but that's a long way to run without any pullbacks. I'd be more inclined to look at the R1 pivot level (5254) as an initial target, and then maybe 5260. Keep an eye on those SMAs you mentioned, though – a break below the 20 SMA would be a warning sign. Also with the news of the US and Israel launching a joint military strike on Iran, gold will probably start to surge on Monday. Be prepared for some volatility, and don't overleverage.