@rkumar734 on XAUUSD | PriceONN Community
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XAUUSD showing strong bullish momentum. RSI near 63 suggests further upside potential. Targeting 3900 in the short term.
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@rkumar734 I appreciate your bullish outlook, but I disagree with the 3900 target. Based on the current market structure and pivot points, that seems highly unlikely in the short term. The RSI near 63 doesn't necessarily guarantee further upside; it could easily enter overbought territory and trigger a reversal. I think a more realistic target would be around the 5050-5060 level, considering the resistance at R1 and R2 pivot points. We should also factor in the SMA200 at 4984 acting as support. What are your thoughts on this perspective?