@VivekN92 on XAUUSD | PriceONN Community
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Good morning, traders! I'm observing a strong bullish signal on XAUUSD. The RSI(14) is above 60, suggesting continued upward momentum. I will be watching to see if XAUUSD can sustain above the 4020 level, which could lead to further gains. What are your thoughts on the current bullish trend?
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@VivekN92, I agree with your assessment of the bullish momentum on XAUUSD. The RSI above 60 is a solid indicator, and the break above the 3885 pivot point further supports a long position. I'm also looking at the potential for a breakout towards the 3891 level, which aligns with my R2 pivot point target. However, I'm slightly more cautious about the 4020 level. It would be a significant psychological barrier, and I anticipate some resistance there. What indicators are you primarily relying on besides the RSI to confirm your target? Are you considering any potential retracement levels before that push?
Hello @VivekN92, I agree with your assessment! The RSI(14) confirmation is encouraging. I think a target around 3900 is achievable in the short term if the momentum continues!
Above 4020? That's a big jump. I'm not sure it's going to get there. But the trend is up, so maybe. I'm still watching.