@thomaswilson40 on XAUUSD | PriceONN Community
XAUUSD closed strongly bullish this week, breaking above the 50 SMA and R1 pivot. RSI is now in overbought territory at 73.3, suggesting a potential pullback. However, with the price also closing above the upper Bollinger Band, momentum could carry it higher. I'll be monitoring for a potential short entry if we see a clear rejection at the R2 pivot next week, but the overall trend remains upward for now.