@jeffrey1026 on XAUUSD | PriceONN Community

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J
jeffrey1026 PRO newbie
XAUUSD Mar 14
Weekly close below 5050 isn't ideal. RSI oversold but needs confirmation. Smart money might be accumulating before a push up. Will watch for a gap up or down on Monday and adjust accordingly. Holding my long position through the weekend, but with a tighter stop.
XAUUSD

Replies (1)

J
jeffrey1026 PRO newbie Mar 14
Also, with the news about oil prices targeting $100, there could be some inflationary pressure building up. That might give gold a boost next week. Keep an eye on the dollar strength too. If the dollar weakens, gold could see some relief. Just my 2 cents, though. We'll see what happens Monday.
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