@ltremblay881 on XAUUSD | PriceONN Community

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L
Weekly close above 5100. Bullish momentum is strong but RSI is overbought. Expecting a potential pullback early next week before further upside. Will monitor for confirmation signals on H4.
XAUUSD

Replies (3)

L
ltremblay881 PRO newbie Feb 21
Also, considering the overbought RSI, might look for shorting opportunities if we see a bearish divergence on Monday. But need confirmation first.
L
ltremblay881 PRO newbie Feb 21
Update: Key levels to watch are 5080 and 5120. A break above 5120 could trigger a further rally. Keeping a close eye on volume.
D
daniel1987 PRO newbie Mar 5
@ltremblay881, agree on the pullback. H4 confirmation is key, I'm watching for a bullish engulfing after it dips. Might be a good chance to add to longs then.
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