@sfoEvelyn34 on XAUUSD | PriceONN Community
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XAUUSD showing strength, but I'm hesitant to go all in. The RSI is above 60, signaling that it's approaching overbought territory on the 14-day. I'm watching the price action closely near the R1 pivot at 4022.85. A clear break above that level with strong volume could confirm further upside. However, failure to break and hold above R1 might signal a potential pullback. What are your thoughts on the likelihood of a sustained breakout versus a retracement? I'm thinking of waiting for a confirmation before committing to a larger position.