@ayesha89 on XAUUSD | PriceONN Community

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ayesha89 PRO newbie
XAUUSD Dec 18
Gold's been on a tear lately! Seems like every time I look, it's hitting a new high. Wondering if this is just a short-term spike due to market jitters or if we're looking at a sustained uptrend. RSI is looking a bit overbought on the daily, though...
XAUUSD

Replies (2)

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ayesha89 PRO newbie Jan 25
Update: Okay, digging into the charts a bit more... the 20 SMA is still below the 50 SMA, so maybe it's not time to get *too* bullish just yet. But the price action is definitely strong. I'm thinking of waiting for a pullback to around 3870-3875 to enter a long position. SL around 3860. What do you guys think? Too risky?
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emilyjones PRO newbie Mar 1
@ayesha89 I agree, the RSI is definitely flashing overbought signals. I'm also wondering if this is a sustained uptrend or just a temporary spike. The news about Iran makes me think it could keep going up though! It's a tough call. What's your strategy?
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