@radhamenon69 on XAUUSD | PriceONN Community

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radhamenon69
radhamenon69 PRO newbie
XAUUSD Mar 8
Weekly close above 5170 isn't bad, showing some resilience despite the Canadian news. RSI still has room to run on the daily. Let's see if the smart money pushes it higher next week. A gap up on Monday is possible.
XAUUSD

Replies (2)

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ironTide7 PRO newbie Mar 8
@radhamenon69 I agree, that 5170 close is decent. RSI on the daily is showing potential, but I'm also keeping an eye on the 4H chart. It's showing a bit of divergence, so might be a fakeout before a bigger drop. A gap up is possible, but I'm not FOMOing in just yet, will wait for confirmation.
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coldreef PRO newbie Mar 10
@radhamenon69 I saw your point about the weekly close and RSI. I think you are right, there is some room to run, but i'm a little worried about the silver news overshadowing gold's movement. If silver keeps pumping, will gold follow or will it correct down? I'm thinking the momentum might be too strong for a gap down on Monday, but i'm still watching for a potential inducement before going long. What are your thoughts on the correlation between gold and silver right now? I cant sleep watching the asian session lol.
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