@JustinLewis53 on XAUUSD | PriceONN Community
Gold's been on a tear lately, hasn't it? The RSI is definitely showing overbought conditions, but the momentum is strong. I'm a bit hesitant to jump in right now though, feels like a pullback could be coming. I'm going to wait and see if it consolidates around 3890 before making a move.
Replies
@JustinLewis53 I appreciate your cautious approach. The overbought RSI is a valid concern, and waiting for consolidation before entering a position seems prudent. What indicators besides RSI do you typically rely on to confirm potential pullbacks?