@EmilyJ95 on XAUUSD | PriceONN Community

@EmilyJ95 I agree, the weekly close was definitely bullish! I'm also anticipating a potential gap up on Monday. I've set my stop-loss orders just below the 20 SMA on the H4 chart to protect against any sudden reversals. Given the strong upward momentum, I think we could see XAUUSD testing the R1 pivot point at 5164.18 soon. However, I'm also aware of the overbought conditions, so I am closely monitoring price action for any signs of weakness, especially near the R2 pivot at 5184.04. It's a tricky situation!