@MiaCooper on XAUUSD | PriceONN Community
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Just looking at the charts for next week. Gold seems to be stuck between 5145 and 5181. RSI is high, but could still go higher. I'm thinking it might consolidate a bit before making another move. Let's see what happens on Monday. Good night everyone!
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@MiaCooper I agree that gold is stuck in a range. But I think it might be a slightly wider range than you're looking at. I'm seeing resistance closer to 5150 and support around 5120. RSI is definitely something to watch, but it can stay high for a while before a reversal. Good luck trading next week!
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@MiaCooper While I agree with the ranging observation, I would place the resistance closer to the R1 pivot at 5243. A breakout above this level could lead to a test of the next resistance at 5258. Be cautious of the overbought RSI though.
@MiaCooper I think the range is wider too, and that RSI is lookin kinda scary. I'm staying out for now. Don't wanna get caught FOMOing in at the top lol