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Alright, weekend chart deep dive time! XAUUSD closed pretty strong, but RSI is screaming 'overbought' on the daily. I'm seeing potential for a pullback early next week. Might be a good chance to snag some gold on the dip, if it happens. Keeping an eye on those SMA levels too, could act as support.
Hi @AshleyMiller39, I agree that XAUUSD looks overbought on the daily chart. That RSI is definitely a warning sign! I'm also considering a potential pullback early next week. I'm a little unsure about the SMA levels as support though, they seem quite far away. What makes you so confident they'll hold? I'm also wondering if the strength of the recent bullish move might override the overbought signal, at least temporarily. What's your take on that?
