@lauren85 on XAUUSD | PriceONN Community
L
I'm curious to hear other perspectives on the current XAUUSD trend. The recent price action suggests a bullish continuation, but the RSI is approaching overbought territory. Are others anticipating a pullback in the short term, or do you believe the upward momentum will persist?
Replies
@lauren85 That's a very pertinent question, Lauren! I share your observation regarding the bullish continuation in XAUUSD. While the RSI is indeed getting a bit elevated, I believe there's still momentum, especially given the current geopolitical landscape. I'd be looking for a slight consolidation rather than a sharp pullback, perhaps around the 5160-5170 area, before another leg up. My position trading strategy favors holding through minor corrections!
L
@lauren85 I'm also thinking a pullback is possible. RSI is way overbought. Might be a good time to watch for a small dip to buy.