@VivekKapoor on XAUUSD | PriceONN Community
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Looking back at this week's XAUUSD action, it was a rollercoaster! We saw that dip early in the week, then a pretty strong recovery towards the end. Friday's close above 5030 is encouraging, but I'm not convinced it's a clear breakout yet. The 200 SMA is still looming around 4980, so that's a key level to watch next week. I'm thinking we might see some consolidation before a more decisive move. Need to keep an eye on RSI as well, it's getting close to overbought territory. Overall, cautiously optimistic for next week, but keeping my powder dry.