XAUUSD closed the week pretty strong, above 5030. RSI is showing bullish momentum, but I'm still cautious. A lot depends on what happens with the dollar next week. I'll be watching the 5050 level closely as a potential resistance. Hoping for a good week of trading ahead.
@vikram7481 I agree, the dollar's movement is key. 5050 is definitely a level to watch, but I'm also looking at the Bollinger Bands. The upper band is around 5020, so a break above that could signal a stronger bullish move. I'm thinking of scaling in slowly above 5020, but keeping a tight SL just in case. RSI is a bit high though, so a pullback is possible. What's your take on the RSI?
