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Weekend anlysis of XAUUSD shows RSI still bullish at 66 but watch that 200 SMA resistance around 5193 next week. Could see a pullback before another leg up. I'm expecting some volatility early in the week, especially with the current global uncertainty. Overall, still favouring longs above 5150.
Update: Actually, looking at the D1 chart again, that 50 SMA is holding pretty well. Maybe I'll keep half the position open with a tight stop at 5155. If it gaps down, it hits the SL and I'm out with minimal damage. If it gaps up, happy days! Risk reward looks decent enough to justify leaving some skin in the game. Pazartesi görüşürüz.
