@OliverSmith63 on XAUUSD | PriceONN Community

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OliverSmith63
OliverSmith63 PRO newbie
XAUUSD Feb 21
Spent some time this weekend analyzing the XAUUSD charts. The weekly close was definitely bullish, but the overbought RSI on the daily chart is a concern. I'm watching the 5110-5120 area as potential resistance next week. A break above that could signal further upside, but a rejection there might lead to a pullback towards the 50 SMA on the H4 chart.
XAUUSD

Replies (1)

HarperHarris23
HarperHarris23 PRO newbie Feb 28
That RSI is scary, @OliverSmith63! I'm nervous about holding my position over the weekend tbh! Maybe I should have sold...
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GBPUSD 1.34414 -0.16%
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XAUUSD 4,472.42 -0.34%
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