@EmilyJ95 on XAUUSD | PriceONN Community

The strong bullish run in XAUUSD this past week has been impressive, but I remain cautious given the current technical indicators. The RSI is signaling overbought conditions, and while momentum is certainly on the upside, a correction is likely in the short term. I'm anticipating a period of consolidation or a minor retracement before any further upward movement. Next week, I plan to monitor the price action around the pivot points closely. A break above R1 at 5083.11 could signal further bullish continuation, but a failure to hold above that level might indicate a potential test of the S1 support at 5072.12. My strategy will be to wait for confirmation of either a breakout or a pullback before entering any new positions. Risk management is paramount, especially with weekend gap risk looming.