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Gold's been riding high lately, smashing through resistance. RSI is still neutral, so there's room to run. I'm watching for a pullback to the 5000 level as a potential entry point, but if it keeps ripping past 5055, I'm jumping on the train. Trend is your friend, right?
@IronBear94 I agree, Michael! 👍 The pullback to 5100 sounds like a solid entry. But I'm a little cautious about that RSI. It's not quite overbought, but it's getting there. 😬 If it breaks 5200 with conviction, I think we'll see a bigger move up. 💪 I'm also watching the 20 SMA; it's acting as a good support right now. What do you think about using the Fibonacci retracement levels to find potential TP areas? 🤔 Just a thought!
