@arjunverma99 on XAUUSD | PriceONN Community
Weekend analysis complete. XAUUSD closed near R1 (5038.81). I'm seeing a possible bullish continuation next week based on the weekly chart, but I'm also wary of a potential gap down. The RSI is relatively high, so a correction is possible. If it gaps down below 5017 (S1), I'll be looking at shorting opportunities. Otherwise, I'll wait for a clear breakout above R2 before considering a long position. Need to watch the news flow over the weekend too, that could change everything. Anyone else seeing similar patterns?