@jackkelly50 on XAUUSD | PriceONN Community
The weekly close above the upper Bollinger Band hints at continued bullish momentum for XAUUSD next week. However, with the RSI firmly in overbought territory, a correction is highly probable. I anticipate a test of the 5080-5090 resistance zone early in the week, followed by a potential pullback towards the 5050 level. Prudence dictates caution; adjust positions accordingly.
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Update: I'll be closely monitoring the D1 candle formations at the start of the week for confirmation of either bullish continuation or bearish reversal patterns. A decisive break below 5070 would signal a potential short opportunity.