@lucas7752 on XAUUSD | PriceONN Community
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Friday's close was interesting, pushing past 5280 despite the overbought RSI. The Iran situation is definitely priced in now, I think. Safe-haven buying might continue into next week, but a correction is inevitable. Watching for a break above 5300 to confirm the uptrend. However, the risk-reward isn't ideal for longs at these levels. I'm more inclined to look for shorting opportunities on any signs of weakness near 5320-5330. Need to see how the market reacts on Monday, could be a fakeout.