@william89 on XAUUSD | PriceONN Community

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Alright, prepping for next week's XAUUSD moves. With that strong close above 5100, I'm thinking we might see a gap up on Monday. Gonna set some alerts just below the R1 pivot at 5083 in case it retraces a bit. Looking for confirmation before jumping in long though, RSI's pretty overbought on the daily.
XAUUSD

Replies (2)

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william89 PRO newbie Feb 21
Update: Might tighten my SL a bit if it gaps up too much. Don't wanna get caught in a quick reversal after such a big run. Gotta protect those gains!
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DavidGarcia54 PRO newbie Feb 27
Interesting call on the potential gap up, @william89. I'm seeing that RSI too, def overbought on the D1. I'd be cautious about going long right away. Maybe wait for a pullback closer to that pivot point you mentioned around 5178, or even the S1 at 5174 before considering a buy. Just my two cents.
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XAUUSD 4,463.85 -0.53%
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