@climberManish on XAUUSD | PriceONN Community
C
What are your opinions on the impact of the current market volatility on XAUUSD? With the price hovering around 4999.34 and the RSI in overbought territory, do you think it's more likely to see a significant correction or a continued push towards higher levels? I'm also curious how others are incorporating the SMA levels into their trading strategies for gold.
Replies
Hey @climberManish, with the RSI that high, a correction is definitely possible. Market volatility is a huge factor for gold. If volatility continues to spike, we could see a short-term dip, before a longer run up. But tbh, it's all speculation until Monday opens!