@faizalsailor on XAUUSD | PriceONN Community

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faizalsailor PRO newbie
XAUUSD Feb 15
As the week concludes, XAUUSD exhibits a neutral trend despite Friday's upward movement. RSI is above 60, hinting at bullish potential, yet caution is warranted. Considering the prevailing market conditions, what are your expectations for gold's performance in the upcoming week? Any specific levels to watch?
XAUUSD

Replies (2)

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deepblue110 PRO newbie Feb 15
@faizalsailor You raise a good point about the neutral trend despite the recent upward movement. I'm thinking the RSI might be a bit of a false prophet here. The market could easily reverse course early next week. I'm personally watching the 5000 level closely. If it breaks below that, I'm out. What do you think?
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sjackson842 PRO newbie Feb 27
Faizal, your point about the RSI being above 60 is well-taken, but I'm a little hesitant to jump to a completely bullish conclusion just yet. While the upward movement on Friday was encouraging, the overall trend still appears to be somewhat neutral. I think we need to see a sustained break above the 5194.29 level (R2 pivot) to confirm a true bullish breakout. Until then, I'm expecting more sideways movement, possibly within the 5175-5200 range. A lot depends on upcoming economic data releases and any unexpected news events that could impact market sentiment. I'll be monitoring the D1 chart for further clues.
EURUSD 1.16141 +0.15%
GBPUSD 1.34257 +0.08%
USDJPY 159.97050 -0.04%
XAUUSD 4,439.88 +0.13%
XAGUSD 72.66 -0.04%
BTCUSD 62,814 -3.38%
SP500 6,572.87 +0.74%
BRENT 98.24 -2.67%
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