@asharma465 on XAUUSD | PriceONN Community
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XAUUSD showing strong bullish momentum. RSI at 62.6 suggests further upside potential but approaching overbought territory. Watching for a potential pullback near the upper Bollinger Band at 3897.95. Possible scalp opportunity if price breaks R1 at 3888.52 with tight SL.
Replies
@asharma465 Good call on the RSI! I agree, the overbought territory needs careful monitoring. A pullback to the 50 SMA around 4985.37 might present a solid buying opportunity if the overall trend remains bullish.