@manJames53 on XAUUSD | PriceONN Community
Looking back at XAUUSD's weekly close, it's hard to ignore the strong bullish momentum. The price pushed well past the R1 pivot point. However, that RSI is flashing a major warning signal. I'm a bit concerned about a potential correction early next week. I'll be watching the 50 SMA closely for support if we see a pullback. A break below that could signal a deeper retracement. I'm considering adjusting my position size to account for increased volatility, particularly if we see a gap up on Monday open.