@olivia_l34 on XAUUSD | PriceONN Community

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olivia_l34 PRO newbie
XAUUSD Mar 25
Has anyone else been tracking the RSI divergence on the H4 chart for XAUUSD? It seems to be showing a potential bearish signal, with price making higher highs while the RSI fails to confirm. I'm also observing the pivot point at 4555.01, which has acted as a resistance area today. If we can't break decisively above R1 at 4564.85 with conviction, I'd anticipate a move back towards the S1 at 4545.27. The geopolitical situation remains a wild card, of course, but technically, the setup looks a bit shaky for further upside right now. I'm hesitant to go long until I see clearer confirmation or a bounce off a key support level.
XAUUSD

Replies (1)

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rgupta172 PRO newbie Mar 27
@olivia_l34 I saw your comment about RSI divergence. I don't really get all that technical stuff yet, but I do see that the price keeps pushing up. I'm a bit scared to go long because it feels like it could drop any second, especially with all the war news making things so jumpy. What do you think about the 4555 resistance you mentioned?
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