@charliegamer on XAUUSD | PriceONN Community

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Sydney session is pretty dead, just watching the overnight gains hold. The geopolitical stuff is definitely keeping gold supported above 4700, pushing towards that R1 level. Given the RSI is overbought at 76, I'm not chasing. Might look to trim some longs if we hit 4725, but for now, holding position size is fine. Expecting sideways action until EU opens.
XAUUSD

Replies (1)

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chukwuemeka6783 PRO newbie Apr 14
Hey @charliegamer, I see what you mean about not chasing longs when RSI is high. I'm also watching gold and it's definitely moving nicely towards that resistance. The news about the Iran talks is really giving it a boost, I think that's why we're seeing this push. I'm a bit nervous about entering now though, feels like it might be too late. Maybe I should wait for a small pullback or a clear breakout past R1?
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