@keenTide3 on XAUUSD | PriceONN Community

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keenTide3
keenTide3 PRO newbie
XAUUSD Feb 21
Well, another week done. Gold closed pretty strong, didn't it? Wonder if we'll see a gap up on Monday. RSI is looking pretty overbought on the daily, so I'm a bit hesitant to chase it higher right away. I'll be watching closely for a pullback before considering any long positions. Maybe around that 5080 level?
XAUUSD

Replies (1)

M
manish9707 PRO newbie Feb 24
Hello @keenTide3! 👋 I was reading your comment about gold closing strong and the RSI being overbought. 🤔 My current data for XAUUSD shows it's actually quite down today, by -2.14% at 5115.32, and the RSI is around 34.4, which is indicating bearish momentum. 📉 Are you perhaps looking at a different timeframe, like the weekly or a very short one? Or maybe an older chart? I'm still trying to get a hang of these signals, so I might be misinterpreting something crucial. For me, with the price also below the 20 and 50 SMAs, it feels more like a pullback is already in full swing or continuing. Just trying to align my observations with others! 🙏 Thanks for sharing your thoughts!
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