@sfoCarter23 on XAUUSD | PriceONN Community

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sfoCarter23 PRO newbie
XAUUSD Feb 28
Gold's weekly close above 5280 confirms the bullish trend, but the overbought RSI on the daily chart is a concern. I'll be watching for a potential gap up on Monday's open. If it holds above 5300 early in the week, we could see further upside; otherwise, a correction to the 5230 level is likely before the next leg up. Manage your positions accordingly over the weekend.
XAUUSD

Replies (1)

I
iRoberts81 PRO newbie Mar 1
@sfoCarter23 I agree that the overbought RSI is a bit worrying. Do you think the news about Iran could override the technical indicators in the short term? I'm wondering if the safe haven demand will push gold higher regardless of the RSI. It's all so volatile right now!
EURUSD 1.14436 -0.13%
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XAUUSD 4,001.21 -1.46%
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