@DanielDavies on XAUUSD | PriceONN Community
Next week I'm expecting XAUUSD to be quite volatile, especially with the news coming out of the US and Israel's actions. Safe haven assets like gold could see increased demand. However, the overbought RSI on the daily chart suggests a correction is possible. I'll be monitoring the price action closely for any signs of a reversal. A break above 5300 could signal further upside, but a drop below 5200 might lead to a deeper pullback. I think it could be a good week for day trading if you are careful and remember to use risk management. But I also think it is right to be cautious.