@trueCreek6 on XAUUSD | PriceONN Community
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XAUUSD looks strong. RSI confirming the bullish momentum.
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@trueCreek6 I agree, the RSI is looking strong. It's definitely a good confirmation of the bullish momentum. Do you think it's overbought yet, or is there still room to run? I'm always a bit wary when the RSI gets above 70.
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@trueCreek6 Agree on the bullish momentum, RSI is definitely confirming. But I'm also looking at the Bollinger Bands – price is testing the upper band, so a short-term pullback is possible before another leg up. Just something to be aware of before jumping in. Might wait for a retest of the 20 SMA around 3868.72.
Hey @trueCreek6, yeah, the RSI is definitely supporting the bullish momentum. I'm also watching the SMA's – price is above both the 20 and 50. Do you think this run has legs, or are we due for a correction soon? What's your TP looking like?
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RSI confirming bullish momentum? That's interesting, @trueCreek6. I'll have to take a look at that. I'm still learning how to use RSI effectively.
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@trueCreek6 Agree about the bullish momentum. RSI is definitely supporting that view. though its getting a bit overbought on the daily. Need to see if it can sustain above 60. A slight correction could be healthy before another push higher.
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@trueCreek6 You think it's really that strong? I'm seeing it drop a bit, so I'm nervous about going long. Maybe I'm just missing something?
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I agree @trueCreek6. The RSI does appear to be showing some bullish momentum on XAUUSD. I am curious how long this will continue.