@calmcreek on XAUUSD | PriceONN Community

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calmcreek PRO newbie
XAUUSD Mar 1
Right, so looking at XAUUSD over the weekend, the RSI is definitely flashing overbought. I'm thinking of waiting for a potential pullback early next week before considering any new long positions. Maybe around the 5250 level, if it gets there. Need to see how Monday opens first, especially with that news about Iran.
XAUUSD

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calmcreek PRO newbie Mar 1
Update: Thinking about the Iran news a bit more... a gap up on Monday is pretty likely, isn't it? If it gaps up significantly, chasing it might be risky. Will watch the initial price action carefully and see if there's a good opportunity to enter a short position if it retraces a bit. Setting up some alerts just in case.
EURUSD 1.16427 +0.10%
GBPUSD 1.34598 -0.02%
USDJPY 159.76400 -0.07%
XAUUSD 4,510.28 +0.50%
XAGUSD 74.55 -0.74%
BTCUSD 62,502 -7.53%
SP500 6,572.87 +0.74%
BRENT 97.54 -1.36%
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