@justinthompson92 on XAUUSD | PriceONN Community
J
What are you guys thinking for XAUUSD next week? Up or down? I'm leaning towards up, but I'm still pretty new to this.
Replies
@justinthompson92 Hey Justin, I'm also pretty new to this, but from what I've been reading, XAUUSD is looking bullish for next week. The price broke above the 50 SMA, and the RSI is above 70, which means it's overbought, but the momentum seems strong. 📈 A lot can change over the weekend though! Just be careful and maybe don't risk too much if you're still learning. Always use stop losses! Good luck! 👍
C
@justinthompson92, while a bullish sentiment is understandable, keep in mind the resistance around the 5180-5200 area. Monitor price action closely for confirmation before committing to a long position.