@cokonkwo750 on XAUUSD | PriceONN Community
Gold's momentum is interesting. We've seen a solid breach of the SMAs and the RSI confirms bullish sentiment. However, I'm cautious about overextension. The price is pushing against the upper Bollinger Band, which suggests a potential pullback in the short term. Scalpers should watch for short opportunities around 3897. Consider the D1 chart; if we reject this level, a deeper correction towards the 3860s is plausible. Manage your risk accordingly, and be prepared to adjust your positions based on price action. Key support levels to watch are 3868 and 3864.