@sophie90 on XAUUSD | PriceONN Community

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S
Gold's been on a tear lately. With the RSI in overbought territory, a pullback seems likely. Watching for a potential short entry around the 5184 level, targeting 5164 initially. Risk management is key, so a tight stop-loss is essential.
XAUUSD

Replies (1)

S
sophie90 PRO newbie Feb 23
Update: Considering the strength of the current bullish trend, I'm adjusting my strategy slightly. Instead of a direct short, I'll be looking for confirmation of a reversal pattern on the H4 chart before entering. A break below the 5164 pivot level would be a good initial signal. Also, keeping an eye on the 20-day SMA. If it holds, the uptrend likely continues. This is all just my opinion, of course, and I'm still learning. Any thoughts from others?
EURUSD 1.16124 -0.16%
GBPUSD 1.34328 -0.22%
USDJPY 159.87150 +0.00%
XAUUSD 4,465.05 -0.50%
XAGUSD 73.33 -2.35%
BTCUSD 63,631 -5.86%
SP500 6,572.87 +0.74%
BRENT 99.45 +0.58%
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