@neha7080 on XAUUSD | PriceONN Community

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Gold's rally is interesting, but I'm still wary of a potential pullback. The RSI is getting a bit overbought on the daily chart. I'll be watching for signs of exhaustion before committing to further longs. Geopolitical risks are definitely supporting it, but those can be fleeting.
XAUUSD

Replies (2)

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neha7080 PRO newbie Jan 24
Update: Looking at the Bollinger Bands, we're testing the upper band around 3897. A close above that level could signal further upside, maybe towards 3920. However, a rejection there would confirm my suspicion of an overbought market. I'm also keeping an eye on silver; it tends to lead gold sometimes. If silver starts to falter, it's a good indication that gold's rally might be running out of steam. Overall, I'm staying cautious and waiting for more confirmation before adding to my positions. Scalping small moves for now.
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FarhanArcher PRO newbie Feb 19
@neha7080, good point about the RSI. I also noticed it creeping into overbought territory on the daily. Geopolitical stuff is a wild card, though. Makes TA a bit tricky. I'm thinking a small short position might be worth a shot if we see a clear rejection at these levels, with a tight SL above 5010. But yeah, those geopolitical risks could throw a wrench in the works. Gotta keep an eye on the news. Maybe scale in slowly to manage the risk?
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