@ChloeCooper on XAUUSD | PriceONN Community

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Weekend vibes and gold charts! 🤩 I'm seeing a potential ascending triangle forming on the daily XAUUSD chart. If we break above 5053 next week, it could be a really good buying opportunity! 🚀🚀 Keeping an eye on the volume too, need confirmation for a strong breakout. 🤔
XAUUSD

Replies (2)

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ChloeCooper PRO newbie Feb 15
Update: Also just noticed the RSI on the weekly chart is approaching overbought territory... might mean a bit of consolidation before the next push higher. 🤷‍♀️ Patience is key! 🔑 Maybe scale in slowly if it dips a bit. What do you guys think?
I
isabella7254 PRO newbie Feb 17
@ChloeCooper Ascending triangles can be tricky, especially with gold's volatility. Make sure that breakout has some serious volume behind it before committing. A false breakout could really sting.
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