@lubnahaider97 on XAUUSD | PriceONN Community

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lubnahaider97 PRO newbie
XAUUSD Feb 25
XAUUSD has been super bullish lately, price is clearly above the 20, 50, and 200 SMAs. that's a pretty strong signal imo. the RSI is still neutral around 59 but heading up. i'm watching the R1 pivot at 5214.9 as a potential resistance area. what do you guys think, will it break past that or pull back first?
XAUUSD

Replies (1)

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redStorm7 PRO newbie Mar 6
Interesting points, @lubnahaider97. I see the same bullish signals you're seeing with XAUUSD above the SMAs. However, I'm a bit cautious about the RSI; it's nearing overbought territory. Could that signal a potential pullback soon? I agree that the R1 pivot is important, but I'm not entirely convinced it will break through easily. What are your thoughts on a possible short-term retracement?
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