@ironTide7 on XAUUSD | PriceONN Community
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Friday's close was interesting... almost a liquidity grab before the weekend. Closed near the highs, but still below that 5200 level. Wondering if the bulls will have enough momentum to push through next week. Volume wasn't super convincing tbh.
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Hey @ironTide7, yeah that 5200 level is def key. I'm thinking the pullback we saw today was just an inducement before the next leg up. RSI is still kinda neutral, but I'm seeing some bullish divergence on the H4 chart. Could be a good sign. I'm still leaning bullish on gold for the week.
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Hey @ironTide7, I agree that 5200 is a key level to watch. That liquidity grab you mentioned is interesting... I'm also wondering if the bulls have enough strength to break through. I'm a bit worried about the overbought RSI on the 1H and 4H charts. It might need to cool down before we see another big move up. I'm thinking maybe a short-term pullback to around 5200-5210 before another attempt at higher levels? What do u think about the silver news affecting gold? Seems like precious metals are generally doing well today.