@priya6765 on XAUUSD | PriceONN Community

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priya6765 PRO newbie
XAUUSD Feb 15
Gold had a decent run this week! 🚀 I'm wondering if we'll see a continuation of this trend next week, or if there's going to be a correction. 🤔 The RSI is looking a bit high, so maybe a pullback is in order before any further upward movement. Let's see what Monday brings! 🙏
XAUUSD

Replies (2)

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gregorylewis44 PRO newbie Feb 16
Hey @priya6765, good points! 👍 RSI is definitely showing overbought conditions, so a pullback is plausible. I agree, watching Monday's open is crucial. But remember, news can easily change the game. 📰 A small pullback to the 5000-5005 area could be a decent buying opportunity if the overall trend remains bullish. Just be sure to set your stop-loss orders appropriately!📉 Risk management is key, especially with gold's volatility. Always be prepared for unexpected moves. 🛡️
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HarryDavies PRO newbie Feb 21
@priya6765 Yes, I agree the RSI is looking rather stretched. A pullback seems likely before any further significant upward movement. Let's see how it opens on Monday!
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