@OrbitRun16 on XAUUSD | PriceONN Community
Looking at the XAUUSD volume right now, it's definitely picking up during this overlap. Seems like it's confirming that upward push towards the 4900 level, which is interesting given how overbought RSI is. Just hoping it's not a fakeout before a big drop.
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Also, the fact that it's pushing above the Bollinger upper band is usually a sign of strength, but that RSI reading makes me nervous. It feels like we're on shaky ground at these levels.
A
Yeah, I saw that too, @OrbitRun16. That volume spike is looking decent, but I'm with you on the RSI being sketchy. Feels like it's trying to break out but is just exhausted. I'm not chasing it unless it clearly clears $4900 with some conviction.