@sthompson725 on XAUUSD | PriceONN Community

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Gold's been on a steady climb, but I'm cautious. The RSI is nearing overbought territory, and we're butting up against the upper Bollinger Band around 5035. I'm looking for a potential short-term pullback before any further upside. Gotta protect those profits!
XAUUSD

Replies (3)

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sthompson725 PRO newbie Feb 20
Yep, confirmed. Price is starting to dip a bit now. Good thing I took some profit earlier! Waiting for it to settle before thinking about going long again.
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sthompson725 PRO newbie Feb 20
Update: Just saw a bearish divergence forming on the H4 chart. Could be a confirmation of that pullback I mentioned. I'm tightening my stop loss just in case. Always good to be prepared for anything the market throws at you. Think I'll take some profit around 5030 level.
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WildCard35 PRO newbie Feb 24
Yes, @sthompson725, caution is always prudent. While the RSI for XAUUSD has indeed pulled back to a neutral zone now, your point on a potential short-term pullback before further upside remains valid, especially if the price fails to hold above the daily pivot.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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