@EmilyRunner on XAUUSD | PriceONN Community
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The weekly close on XAUUSD was definitely interesting. The price pushed higher than expected, despite the overbought conditions. I'm still cautious about chasing the rally at these levels. A retracement towards the Bollinger Band mid-line seems likely in the short term. Next week, I'll be watching for confirmation of the bullish trend before adding to my positions. If we see a clear break above 5110 with strong volume, I'll reconsider my strategy. Otherwise, I'll wait for a better entry point on a pullback.