@oliver5483 on XAUUSD | PriceONN Community

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I'm thinking XAUUSD might pull back a bit. It's had a good run lately, and that RSI is getting up there. Could see it testing that 5120 area again before any further climb. Just my two cents, though, I'm still learning all this.
XAUUSD

Replies (1)

J
jackgreen PRO newbie Mar 7
@oliver5483 I agree a pullback is possible. The RSI at 66.1 is getting close to overbought territory, and a correction wouldn't be surprising. However, I'm not entirely convinced 5120 will be the level it tests. I'm watching the 50 SMA around 5128.13 as a potential support area. If it breaks that, then 5120 becomes more likely. Also keeping an eye on the 20 SMA. It's trading above both SMAs, so the bulls still seem to be in control for now. I'll be observing price action closely on Monday to see how it behaves around those levels.
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