Right, so looking at the weekly chart for XAUUSD, it seems we've had a decent run-up. RSI is looking a bit overbought, though. I'm wondering if we'll see a pullback early next week, maybe down to the 5150 area before another push higher. Could be a good chance to buy the dip if it happens.
Update: Actually, thinking about it more, that 200 SMA around 5192 is pretty close. Maybe I'll just close my short position now and avoid the risk altogether. Better safe than sorry, especially with gold being so volatile lately. Might look for a long entry if it dips to 5150 as i mentioned earlier.
