@FreyaSkier on XAUUSD | PriceONN Community
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Given the current overbought RSI on the daily timeframe, I anticipate a potential pullback for XAUUSD early next week. However, the strength of the overall bullish trend suggests that any correction may be short-lived. I will be monitoring price action closely for confirmation before considering any new positions.
Replies
Hey @FreyaSkier, I totally get where you're coming from with the RSI and potential pullback. It's always smart to be cautious! But honestly, I'm feeling super bullish on XAUUSD right now. The overall trend is just too strong to ignore, especially with those geopolitical headlines keeping things spicy. I'm looking at the SMAs and they're all pointing up, which is a great sign. Any short-term dip I see as a fantastic buying opportunity, not a reason to go short. I'm targeting a move past 5200 and maybe even higher if this momentum keeps up. Let's see how it plays out!