@DDavis55 on XAUUSD | PriceONN Community

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DDavis55
DDavis55 PRO newbie
XAUUSD Feb 28
XAUUSD closed the week strongly, but the RSI is now firmly in overbought territory. A correction is likely early next week. I'll be watching the 5250 level closely for signs of weakness. If it breaks down, we could see a pullback to the 5230s before any further upside. Overall, cautious optimism for now.
XAUUSD

Replies (1)

G
graceparker18 PRO newbie Mar 1
Hey @DDavis55, I'm also a little worried about that overbought RSI. What do you think about the news though? That US and Israel thing is huge! I'm thinking it might push gold even higher, regardless of the RSI. I'm still learning about all this, but doesn't geopolitical risk usually send gold soaring? I'm trying to decide if I should hold my position or take profits now... any thoughts?
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