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XAUUSD closed strong this week. RSI is overbought, but the trend is clearly up. Anyone expecting a pullback early next week, or will the momentum continue? I'm curious to see if it can break through the R1 pivot around 5083.11. What's everyone's outlook?
Update: Thinking about scaling into a short position if we see a rejection at R1. SL just above R2 at 5087. Targetting a move back down to the 50 SMA. Could be a good risk/reward trade if it plays out. The overbought RSI makes me nervous holding longs over the weekend.
