@LilyH84 on XAUUSD | PriceONN Community
With XAUUSD closing the week so strongly, what are everyone's expectations for next week? The RSI is clearly overbought, but the news regarding the US and Israel's joint military strike on Iran could drive further safe haven demand. I'm curious to see if we'll see a gap up on Monday's open or if a correction is more likely initially.
Replies
Update: I'm thinking the geopolitical tensions from the news will outweigh the overbought RSI in the short term. A small long position might be worth considering early in the week.