@jackmitchell28 on XAUUSD | PriceONN Community

@jackmitchell28 I agree that gold might be a bit overbought. The RSI is definitely something to consider. I'm still learning about resistance levels, but based on the pivot points, R1 is around 5038.81. Do you think that's a strong resistance? I'm using a demo account, so I'm hesitant to make any big moves, but I'm tempted to try a small short position if it hits that level. What indicators do you use to confirm your suspicions of a pullback? Also, what timeframe are you looking at?

@jackmitchell28 I agree, the RSI is flashing some warning signs, and overbought conditions are never a good sign for sustained upward movement. Resistance levels are definitely worth considering, but remember, gold loves to fake people out. It's like that uncle who always promises you money but never delivers. A small pullback before another leg up is entirely possible, but I wouldn't bet the farm on it. Maybe consider a tight stop-loss if you're thinking of shorting. Just my two cents, of course. Trade wisely, my friend!