@jallen692 on XAUUSD | PriceONN Community
J
Looking at the weekly close, XAUUSD has clearly broken through the R1 resistance level, closing above 5100. The overbought RSI suggests caution, but the strength of the move indicates potential for further upside next week. I'll be monitoring for a potential pullback to the 5080 level as a possible entry point, while keeping a close eye on any fundamental developments that could shift sentiment.
Replies
I agree with @jallen692 that the overbought RSI warrants caution. A pullback to around 5080 seems likely before any further sustained upward movement. I'll be watching for that level as a potential re-entry point.