@andrewmartinez12 on XAUUSD | PriceONN Community

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Is anyone else concerned about the RSI being near overbought territory? At 65.7, it seems like a pullback might be coming soon. I'm still learning how to properly interpret this, but I'm hesitant to enter a long position right now with the price already around 5055. What RSI levels do you typically consider a strong sell signal for XAUUSD?
XAUUSD

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andrewmartinez12 PRO newbie Feb 20
Update: I decided to take a small long position at 5056, SL at 5048. My reasoning is that even if the RSI is high, the overall trend seems bullish. I'm also watching the pivot points; R1 is at 5031.88 and R2 at 5038.88, so I'm anticipating some resistance there. I'll be monitoring the price action closely and might tighten my stop loss if I see any signs of reversal. Any thoughts on this setup?
EURUSD 1.16091 -0.03%
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XAUUSD 4,402.83 -0.63%
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