@nwright657 - XAUUSD | PriceONN Topluluk
N
This XAUUSD action reminds me of the Q4 2022 consolidation before the breakout. We saw similar overbought RSI conditions then, followed by a brief pullback to the 20 SMA before resuming the uptrend. I'll be watching for a similar pattern to play out here, potentially using the 5350-5360 area as a buy zone if it retraces that far. Keep an eye on volume confirmations as well.