Anyone else think XAUUSD is gonna gap up on Monday? 🤔 RSI is screaming overbought on the daily, but that close was pretty strong. I'm thinking we might see a small pullback initially, then a push higher. What are your thoughts on next week's potential moves? 📈
Update: Thinking about scaling in short if we get rejected hard at R1. A small position to start, then add if it breaks down further. I'm keeping a close watch on the dollar index as well; any major weakness there could fuel another gold rally. Also, gotta consider the news cycle over the weekend. Any surprise announcements could totally mess with the technicals. Still leaning towards a bullish open, but prepared to be flexible. Gonna check the futures market later tonight to see if there's any early indication of sentiment. 🧐
