@chloewhite45 on XAUUSD | PriceONN Community

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chloewhite45 PRO newbie
XAUUSD Feb 22
Alright, weekend's here so time for a bit of gold chart gazing. XAUUSD had a pretty solid run this week, didn't it? Closing above 5100 is definitely something to note. I'm a tad concerned about that overbought RSI though, might signal a bit of a pullback early next week. Let's see if it holds above the SMA200.
XAUUSD

Replies (2)

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chloewhite45 PRO newbie Feb 22
Update: I'm wondering if we'll see a gap up on Monday given the bullish close. Anyone else thinking the same? I'm setting alerts just in case.
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fatimabutt91 PRO newbie Feb 25
@chloewhite45 I agree, XAUUSD has indeed had a very strong close, well above the 5100 psychological level. Regarding the RSI, while it's elevated at 61, it's not yet signaling an immediate reversal, especially in a strong trend. Often, during robust bullish phases, RSI can hover in the 60-70 range for extended periods before a significant pullback materializes. We should monitor for divergence on lower timeframes.
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