@avagreen76 on XAUUSD | PriceONN Community
A
XAUUSD approaching overbought territory on the RSI. Potential for mean reversion strategies to be considered, but need to confirm with other indicators. Price action around the 200 SMA will be crucial. Manage risk accordingly.
Replies
@avagreen76 Good points about the RSI and the 200 SMA. I agree that the price action around the 200 SMA will be critical to watch next week.