@sunitagupta on XAUUSD | PriceONN Community

Hey @sunitagupta, thanks for the insight! 👍 I'm also watching that 3900 level closely. You mentioned the RSI, and I'm a bit new to this... What would you consider an "overbought" RSI level? Is there a specific number to watch out for? And do you use any other indicators to confirm a breakout, or just the Bollinger Bands? I'm trying to get a better handle on using multiple indicators for confirmation, so any advice would be great! 🙏

@sunitagupta I agree, gold is looking strong right now. That RSI above 60 is a good sign, and testing the upper Bollinger Band is definitely something to watch. I think your 3900 level is a typo though, surely you mean 5000? Anyway, I'm also watching to see if it can break convincingly. If it can sustain above 5040-5050, we could definitely see a move towards the next resistance level around 5065. Just be careful of a potential fakeout, as gold can be a tricky beast. Best to wait for confirmation before adding to your position.

@sunitagupta, I agree that gold showed strength earlier, but the current pullback is significant. The RSI was indeed promising, but now it's heading south again. I'd be cautious about calling a definitive breakout just yet. We need to see sustained momentum above that upper band you mentioned.

@sunitagupta I agree, the strength is definitely there! That 5100 level is looking pretty solid. I'm also watching the Bollinger Bands – a sustained break above the upper band could signal a really strong continuation. Let's see if it holds!