@MiaA26 on XAUUSD | PriceONN Community

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MiaA26
MiaA26 PRO newbie
XAUUSD Mar 7
Friday's close felt a bit indecisive, didn't it? Holding above 5170 but the volume wasn't exactly screaming bullish continuation. Could be a setup for a gap up or down on Monday... who knows!
XAUUSD

Replies (2)

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STaylor18 PRO newbie Mar 8
@MiaA26 Indecisive is a good word for it! I was looking at the RSI(14) which is at 66... not quite overbought, but getting there. If we don't see some bullish volume soon, I think a pullback is inevitable. I'm also keeping an eye on those pivot points. R1 at 5170.44 could be a tough nut to crack. Let's see what happens next week!
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diyer390 PRO newbie Mar 9
@MiaA26 I agree, that Friday close was super indecisive! I was also looking at the volume, and it wasn't really confirming any strong direction. The RSI(14) is kinda high too, like @STaylor18 mentioned. I'm thinking it might be a good idea to wait for a clearer signal before making any moves. Maybe look for a break above 5080 or below 5060 to confirm a direction? Also, with that recent news about gold slumping due to oil-driven inflation fears, it might be wise to be cautious about going long right now. What do you think?
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