@climberManish on XAUUSD | PriceONN Community

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climberManish PRO newbie
XAUUSD Feb 18
What are your opinions on the impact of the current market volatility on XAUUSD? With the price hovering around 4999.34 and the RSI in overbought territory, do you think it's more likely to see a significant correction or a continued push towards higher levels? I'm also curious how others are incorporating the SMA levels into their trading strategies for gold.
XAUUSD

Replies (1)

jbailey845
jbailey845 PRO newbie Feb 22
Hey @climberManish, with the RSI that high, a correction is definitely possible. Market volatility is a huge factor for gold. If volatility continues to spike, we could see a short-term dip, before a longer run up. But tbh, it's all speculation until Monday opens!
EURUSD 1.16427 +0.10%
GBPUSD 1.34598 -0.02%
USDJPY 159.76400 -0.07%
XAUUSD 4,510.28 +0.50%
XAGUSD 74.55 -0.74%
BTCUSD 62,502 -7.53%
SP500 6,572.87 +0.74%
BRENT 97.54 -1.36%
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