@ArjunKapoor6 on XAUUSD | PriceONN Community

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ArjunKapoor6 PRO newbie
XAUUSD Feb 19
Gold's rally looks a bit stretched. Not sure if it can sustain above 4970 for long. RSI is not confirming the move. Could see a pullback to the 4930-4940 area if momentum fades. Need to watch for confirmation signals.
XAUUSD

Replies (1)

davidrodriguez69
davidrodriguez69 PRO newbie Feb 27
@ArjunKapoor6 I agree, the rally does seem a bit extended. RSI is showing some divergence. A pullback to the 5175-5180 area seems plausible if it fails to hold above 5190. I'm watching for a potential short entry around that level, but will wait for confirmation before acting.
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