Weekend chart analysis for XAUUSD! Seeing a lot of bullish signs, especially after Friday's close. RSI is overbought, but the momentum seems strong. Gonna keep an eye on it next week, maybe a small pullback before another push higher? What do you guys think?
Update: I'm also looking at the Bollinger Bands on the daily chart. Price closed right at the upper band, so a breakout could be huge! But also, it could mean a short-term reversal. Thinking about setting a tight stop loss just in case. Anyone else trading XAUUSD next week? What's your strategy? I'm pretty new to this, so any advice would be appreciated. Trying to get better at this, it's soo exciting! Think I'll set up some alerts around 5110, that seems like a key level to watch. Hoping for some gains!
