@JacksonAnderson on XAUUSD | PriceONN Community
Well, well, well, look who's overbought! XAUUSD closed the week pretty strong, didn't it? RSI screaming 'take profit', but that bullish trend is hard to ignore. I'm thinking we might see a little pullback early next week, maybe down to that 5200 level, before it decides to keep climbing. Just my two cents, not financial advice, lol.
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Update: Thinking about playing it safe and setting up a covered call on my gold position. Collect some premium while I wait to see if this rally has legs. Anyone else use covered calls on XAUUSD options? What's your strategy?