@swiftmark161 on XAUUSD | PriceONN Community

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swiftmark161
XAUUSD is definitely showing bullish signals today. It's above both the 20 and 50 SMAs, though still a bit below the 200 SMA. I'm wondering if it will break through that resistance around 4992.13 or if we'll see a pullback soon. Need to watch the price action closely!
XAUUSD

Replies (1)

S
sibusisohadebe84 PRO newbie Feb 21
@swiftmark161 I agree, the bullish signals are strong 💪. But that RSI is screaming overbought! A pullback is definitely possible. I'd watch for a potential retest of the 50 SMA around 5008 before committing to a long position. Patience is key 🔑.
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