@iRoberts81 on XAUUSD | PriceONN Community
I
Okay, I spent a chunk of the weekend looking at the XAUUSD charts. The weekly close was definitely bullish, no doubt about it. But that RSI is screaming overbought on the daily. I'm a bit concerned about a potential correction early next week. I noticed the price is sitting above all the key moving averages (20, 50, and 200 SMA) which is a good sign. However, the Bollinger Bands are quite wide, so volatility could be high. I'm thinking of waiting for a clear signal before jumping in. Probably best to avoid FOMO and stick to the plan. Need to manage risk properly, always!