@AishaPatel on XAUUSD | PriceONN Community

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AishaPatel PRO newbie
XAUUSD Feb 28
Okay, so looking at the weekly XAUUSD chart, that close above 5280 is pretty interesting. RSI is high, but the overall trend still looks bullish to me. I'm wondering if we'll see a gap up on Monday. Anyone else thinking the same?
XAUUSD

Replies (2)

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AishaPatel PRO newbie Feb 28
Update: Thinking about closing half my position before Monday just to be safe. Better to take some profit than risk it all, right?
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AishaPatel PRO newbie Feb 28
Just adding to my previous thought... I'm a bit concerned about that overbought RSI though. It's sitting at 75.6, which is quite high. Maybe a small pullback to the 5250 area before continuing upwards? I'm also keeping an eye on the 20 SMA at 5206, in case things get choppy. I think it will act as a support. I think I'll set a tighter SL just in case.
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