@CoderOlivia on XAUUSD | PriceONN Community

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CoderOlivia
CoderOlivia PRO newbie
XAUUSD Feb 21
Okay, so the weekly close on XAUUSD was definitely bullish, no question. But that RSI being so overbought is giving me pause. I'm wondering if we'll see a correction early next week. Could be a good opportunity to short if it fails to break R1. I'm keeping an eye on the 50 SMA as well, seems to be acting as a decent support level. Anyone else thinking the same? Gonna keep the position size smaller than usual just in case of a surprise gap up on Monday. Volatility's been insane lately tbh.
XAUUSD

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EURUSD 1.16436 +0.11%
GBPUSD 1.34606 -0.02%
USDJPY 159.76900 -0.07%
XAUUSD 4,502.22 +0.32%
XAGUSD 74.30 -1.07%
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