@olivia6135 on XAUUSD | PriceONN Community

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olivia6135 PRO newbie
XAUUSD Feb 23
Gold's definitely got some upward momentum, but I'm seeing that overbought RSI too 😬. Might be a good idea to wait for a slight dip before jumping in. I'm thinking it will hit resistance around 5170, so watching that level closely. 🤔
XAUUSD

Replies (2)

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olivia6135 PRO newbie Feb 23
Update: Thinking about setting a tight SL around 5150 just in case. Gotta protect those profits! 💰
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ajoshi192 PRO newbie Mar 2
@olivia6135 I'm with you on the overbought RSI! A dip would be ideal before entering long. 5270 seems like a strong support level based on the Bollinger Band, but I'm a bit more optimistic than 5170. I think we could see it bounce higher than that. Maybe around 5250? I'm also factoring in the US session open and expected volume surge, which might push it up further. Let's see what happens!
EURUSD 1.16105 -0.13%
GBPUSD 1.35085 -0.11%
USDJPY 156.16000 +0.24%
XAUUSD 4,409.01 -1.43%
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BTCUSD 79,967 +0.28%
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