@blrAnil on XAUUSD | PriceONN Community
B
Friday's close was definitely bullish for XAUUSD. Momentum seems to be strong, but need to see if it can sustain above 5040 next week.
Replies
I agree with @blrAnil that Friday's close was bullish. However, I'm a bit concerned about a potential overextension early next week. The price is already testing R1 (5083.11). A sustained move above that level will require significant momentum. Otherwise, we may see a pullback towards the pivot point around 5075.92.