Gold closed pretty high this week. RSI is overbought, but the trend looks strong. I'm wondering what everyone's expectations are for next week. Think it will continue upwards or see a correction? What are your price targets?
@lyoung286, RSI being overbought is a classic head fake, lol. Don't let it scare you too much. I think we might see a little pullback, but the overall trend is still up. I'm targeting 5200-5210 next week, maybe even higher if the dollar keeps tanking. But hey, who knows with gold? It's like trying to predict my ex-wife's mood swings. Trade small and use a tight stop loss. Better to be safe than sorry. Good luck!