@CoolLake8 on XAUUSD | PriceONN Community
Gold's had a good run this week, closing above 5100. I reckon we'll see some profit-taking early next week, maybe a dip back towards the 5080 area before another push higher. Keep an eye on those economic releases coming out mid-week – they could be the catalyst for a bigger move either way. I'm leaning bullish overall, but not blindly so.
Replies
Update: Just thinking a bit more about that potential dip I mentioned earlier. If we do see a pullback, I'll be watching the 5065 level closely – that's around S2. If it holds, could be a good opportunity to add to my long position. Otherwise, if it breaks below that, I might have to reassess my bullish bias. tbh, the overbought RSI is a bit concerning, but the overall trend is still up, imo. Will be interesting to see how Monday opens. Gonna check for any gap up or down.