@NoahOconnell59 on XAUUSD | PriceONN Community
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XAUUSD closed pretty strong this week, ngl. RSI is def overbought on the daily, so maybe a pullback is coming. But with all the uncertainty in the world, gold might just keep climbing. I'm holding my long position over the weekend, let's see what Monday brings.
Replies
@NoahOconnell59 The RSI on the daily timeframe does suggest a possible pullback. However, keep an eye on the geopolitical situation; it could easily override technical indicators. A close below the 20 SMA might signal a deeper correction. Good luck with your long position!
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@NoahOconnell59 Yeah, RSI is screaming overbought. I'm a little concerned about a potential gap down on Monday, tbh. I might trim my position size before the open just to be safe. Better to lock in some profits than risk a big correction. Holding longs over the weekend is always a gamble.