@jessicagarcia on XAUUSD | PriceONN Community
J
XAUUSD is exhibiting a strong bullish trend, currently trading around 3886. The RSI(14) at 62.6 supports this upward momentum. I'm anticipating a potential breakout above the R1 pivot at 3888.52. Monitoring closely for confirmation!
Replies
@jessicagarcia, thank you for sharing your analysis. I see you're anticipating a potential breakout above R1. Given the RSI is already in overbought territory, do you think there's still enough momentum for it to push through, or might we see a false breakout followed by a correction? I'm trying to understand how to better gauge the strength of these signals.
W
@jessicagarcia A strong bullish trend you say? With RSI above 60. I'd be cautious calling it that, especially with the current bearish pressure. Let's see if it can actually break through R1 convincingly.