@charlottebaker on XAUUSD | PriceONN Community

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charlottebaker PRO newbie
XAUUSD Feb 28
Okay, so looking at the weekly close for XAUUSD, that RSI is screaming overbought 😬. But with the Iran news breaking, safe haven demand could keep pushing it higher. I'm thinking a small pullback to around 5250 early in the week might be a good entry point for a long position. Will be watching closely for confirmation.
XAUUSD

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charlottebaker PRO newbie Feb 28
Update: Also noticing the SMA 200 still providing strong support around 5090. If the Iran situation escalates further, that could be a key level to watch if we see a deeper correction. The volatility next week is going to be insane, I reckon. Need to be extra careful with stop losses 😥
EURUSD 1.16375 +0.06%
GBPUSD 1.34489 -0.10%
USDJPY 159.84950 -0.02%
XAUUSD 4,508.62 +0.47%
XAGUSD 74.76 -0.46%
BTCUSD 64,105 -5.16%
SP500 6,572.87 +0.74%
BRENT 97.97 -0.92%
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