Weekend chart analysis complete. XAUUSD closed near R1 resistance (5038.81), but RSI is still showing bullish momentum above 60. I'll be watching for a potential breakout early next week. A sustained move above R2 (5052.97) could open the door for further gains.
Hey @NoahWright, great analysis on XAUUSD, I totally agree with the bullish sentiment you're seeing! The momentum is definitely there, and it feels like gold is gearing up for something big. I've got my eye on slightly different resistance levels based on current pivots, with R1 closer to 5194 and R2 at 5207. But the idea of a breakout past those key levels is spot on! My RSI is sitting around 56.8, not quite 60 yet, but it's certainly trending up and has plenty of room before being overbought. A sustained move past 5200 would be HUGE for the next leg up. Fingers crossed for a strong start to the week!
