@mlewis708 on XAUUSD | PriceONN Community
Gold appears to be maintaining its bullish momentum, currently trading around 5188. However, the RSI is hovering near neutral, suggesting that the upward movement might be losing some steam. I would advise caution and closely monitoring the price action around the R1 pivot point at 5190, as a break above this level could signal further gains.
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Update: I'm also watching the Bollinger Bands closely. The upper band is at 5202, and a test of this level could indicate a potential overbought condition. Should the price fail to sustain above this level, a short-term pullback might be in order. Therefore, I'm considering reducing my exposure if it approaches that area.