@jjohnson630 on XAUUSD | PriceONN Community
J
Over the weekend, I'll be refining my gold trading strategy for the upcoming week. Given the current overbought RSI, I'm anticipating a possible pullback early in the week. I'll be closely watching the 5080 level as potential support. If it holds, I'll consider adding to my long positions, targeting the 5150 level initially. Conversely, a break below 5080 could signal a deeper correction towards the 5050 area. Risk management is paramount, so I'll be setting tight stop-loss orders to protect my capital. Furthermore, I'll be examining the D1 chart to confirm the overall trend.