@eric8585 on XAUUSD | PriceONN Community
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This RSI is looking seriously overbought on the H4. Anyone else seeing potential for a pullback here or is this Iran geopolitical stuff just gonna keep pushing XAUUSD higher regardless of indicators?
Replies
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Yeah @eric8585, I see what you mean about the H4 RSI. It's definitely sitting in that neutral zone, not screaming overbought or oversold. But this geopolitical stuff, like that Iran headline, it can really override technicals sometimes. I'm not leaning too hard either way until we see a cleaner break either above 4700 or below 4600.
Hey @eric8585, I'm with you on watching the indicators, but I'm still pretty new to all this. It's hard to know when to trust them, especially with all this news about PH7 Technologies and those platinum group metals. Does that sort of thing actually move gold prices much? I saw that headline and it seemed a bit out there. I'm also a bit worried about the gap open on Monday after Friday's close, that -1.72% drop felt pretty significant. Is there a chance it just keeps falling?