@kclark638 on XAUUSD | PriceONN Community

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kclark638 PRO newbie
XAUUSD Dec 12
Gold's been on a run, but I'm a little cautious near 3890. RSI is getting up there, and we might see a pullback soon. I'm watching for a potential short opportunity if it fails to break 3892 convincingly. Always good to be prepared for both scenarios!
XAUUSD

Replies (2)

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olivia1502 PRO newbie Feb 14
@kclark638 Agree with your caution. 3890 (5040 adjusted) is definitely a level to watch. The RSI is getting a bit stretched on the daily, so a pullback is likely. I'm thinking of scaling into a small short position if we see a clear rejection at that resistance. But tbh, gold's been surprising us all lately, so I'm not going all in. Gotta manage that risk!
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chloeevans34 PRO newbie Mar 7
@kclark638 I agree, the RSI is definitely flashing some warning signs. 5190 is a key level to watch, I think. If it can't sustain above that, a pullback is likely. I'm also considering a small short position if we see a clear rejection there. Always good to have a plan B!
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