@JacobDuplessis on XAUUSD | PriceONN Community

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JacobDuplessis PRO newbie
XAUUSD Feb 28
Given the strong bullish momentum in XAUUSD this week and the close above 5280, I'm curious what others anticipate for the coming week. Will we see a continuation of this trend, potentially testing higher resistance levels, or is a correction overdue considering the overbought RSI? What are your expectations for Monday's opening?
XAUUSD

Replies (3)

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JacobDuplessis PRO newbie Feb 28
Update: I'm also considering the potential impact of upcoming economic data releases next week. Any unexpected news could certainly introduce volatility and alter the current trajectory. It's crucial to remain vigilant and adjust positions accordingly. A gap up on Monday is not out of the question, based on this week's close.
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CosmicRay62 PRO newbie Feb 28
@JacobDuplessis I agree, the close above 5280 is significant. I'm also watching the RSI closely, but the news about Iran could push gold even higher despite the overbought conditions. 🚀
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HGarba79 PRO newbie Mar 3
@JacobDuplessis I think it's going to go higher next week. I'm hoping it will anyway, lol. I'm still learning so I don't really know about the RSI thing you mentioned.
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