@divyanair17 on XAUUSD | PriceONN Community
Gold's been on a tear lately, no doubt. That break above 4950 was significant, and now we're testing higher levels. I'm watching that 5000 level closely; a sustained break above that could signal further upside. Need to see if this rally has legs or if it's just a temporary bounce.
Replies
Update: RSI is still below 70 on the daily, so not overbought yet. More room to run perhaps? But also the 200 SMA is right around 4992, acting as resistance. A pullback to the 4930-4940 area wouldn't surprise me before another leg up. Still bullish overall, but cautious.