@HarryW72 on XAUUSD | PriceONN Community

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HarryW72 PRO newbie
XAUUSD Feb 21
Gold had a pretty strong finish to the week, didn't it? That big green candle on Friday is encouraging, but the RSI is making me a little nervous. I'm wondering if we'll see some profit-taking early next week, or if the momentum will keep pushing it higher. Gonna be watching closely on Monday. Hope there isn't too big of a gap up!
XAUUSD

Replies (1)

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jeffrey3694 PRO newbie Feb 27
@HarryW72 Yeah, that Friday candle was a beast. I agree about the RSI though, it's definitely something to keep an eye on. Profit-taking is always a possibility, especially after such a strong move. But I think the overall trend is still bullish for gold. I'm expecting some volatility early in the week, maybe a dip to shake out some of the weaker hands, but I'm still leaning towards higher prices. Just gotta manage your risk and have a plan in place. I'm thinking of adding to my position if it dips to around 5260.
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