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This XAUUSD action reminds me of the 2011 run-up... similar geopolitical tensions fueling the rally. RSI is way overbought though, so expecting a pullback soon. Need to be cautious with entries at these levels. Maybe wait for a dip to around 5350 before considering a long position.
Update: I'm seeing some resistance around 5410 now. Volume is also decreasing slightly, which could signal a potential reversal. I'm going to wait and see if it breaks above 5420 convincingly before making any moves. Otherwise, shorting from here might be a good risk-reward trade, but very risky imo. SL around 5435 maybe?
