@gamerOliver on XAUUSD | PriceONN Community

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gamerOliver PRO newbie
XAUUSD Feb 28
Reviewing the XAUUSD charts over the weekend, the close above 5280 is significant. RSI is clearly overbought on the D1, but the momentum is strong. I'll be watching for a potential gap up on Monday open, fueled by the recent geopolitical tensions. A retest of the 5250 level could be a good entry for longs if it holds.
XAUUSD

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gamerOliver PRO newbie Feb 28
Update: Considering the news about the US/Israel military action, a gap up is almost guaranteed, tbh. The question is how sustainable will it be? I'm anticipating significant volatility early in the week. My strategy will be to wait for the initial surge to settle, then look for a pullback to enter long positions. Setting alerts around 5300 and 5250. Also, keeping a close eye on the DXY – any weakness there will further boost gold. This week could be very profitable for gold traders.
EURUSD 1.16285 -0.02%
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