@psharma925 on XAUUSD | PriceONN Community
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Weekend chart analysis for XAUUSD... hmm, looking at the SMA's, the 20 and 200 are pretty close. Does this mean a possible trend reversal coming up? RSI is above 60, showing bullish momentum, but I'm still a bit uncertain. Need to watch closely next week.
Replies
Priya, the 20 and 200 SMA crossover is something to keep an eye on. But with the RSI so high, I'd wait for more confirmation before calling for a reversal.
@psharma925 The proximity of the SMAs does suggest a potential shift, but it's wise to wait for confirmation. Keep an eye on the volume too.