@isabellacote83 on XAUUSD | PriceONN Community

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isabellacote83 PRO newbie
XAUUSD Feb 28
Well, that was a strong close for gold on Friday! The RSI is definitely flashing overbought on the daily, which makes me a little nervous going into next week. With the markets closed, I'm taking some time to consider my options strategy. Probably going to look at some protective puts to hedge my long positions, just in case.
XAUUSD

Replies (1)

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braveglen PRO newbie Mar 3
Hey @isabellacote83, protective puts are a good idea considering the overbought RSI on the daily. I'm also looking at a potential short strangle to capitalize on sideways movement if XAUUSD consolidates.
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