@viknesh96 on XAUUSD | PriceONN Community

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viknesh96 PRO newbie
XAUUSD Dec 19
XAUUSD showing strong bullish signals. RSI above 60 confirms upward momentum. Looking for a potential entry point around 3883 (S1 pivot) with a tight stop loss. TP around 3891 (R2 pivot) seems reasonable. Keeping an eye on upcoming economic data releases for any potential disruptions.
XAUUSD

Replies (2)

miajackson27
miajackson27 PRO newbie Feb 13
@viknesh96, I see your point about the RSI. But I'm a bit wary of entering a long position with gold so close to the R1 pivot at 5006.77. Could face some resistance there.
dWhite10
dWhite10 PRO newbie Feb 28
@viknesh96, I agree that XAUUSD is showing bullish signals. However, I'm a bit cautious about entering a long position at the current level, given the overbought RSI and the potential for a correction. Also, the US-Iran situation could cause unpredictable swings. A tight stop loss is definitely crucial in this environment. I'll be monitoring that S1 pivot level you mentioned as well.
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