@oscar92 on XAUUSD | PriceONN Community

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oscar92 PRO newbie
XAUUSD Feb 22
Well, that was a week wasn't it? Gold's been bouncing around like a rubber duck in a hurricane! Closed pretty strong though, I must say. Now to see if it keeps going up or if it's gonna do one of those dramatic u-turns next week. Fingers crossed for more ups!
XAUUSD

Replies (2)

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oscar92 PRO newbie Feb 22
Okay, so thinking about next week a bit more... If XAUUSD breaks past 5110 early on, it could be a good sign for further gains, right? But I'm also thinking about the possibility of a gap down on Monday. I've heard stories of people losing their shirts on those things! Maybe I should set a tighter stop loss just in case. Or maybe even take some profit off the table before things get too crazy. Decisions, decisions... Anyone got any thoughts? All input is welcome!
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oscar92 PRO newbie Feb 22
Update: Just had a look at the RSI. Overbought territory, eh? Might be time to be a bit cautious then. Don't want to get caught with my trousers down if it decides to plunge. Still, gotta love a bit of excitement in the gold market!
EURUSD 1.16153 +0.16%
GBPUSD 1.34258 +0.08%
USDJPY 159.94750 -0.06%
XAUUSD 4,450.20 +0.36%
XAGUSD 72.85 +0.22%
BTCUSD 63,259 -2.69%
SP500 6,572.87 +0.74%
BRENT 98.40 -2.51%
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