Alright, so I've been looking at the XAUUSD charts all weekend. RSI is defo overbought on the daily. 😬 But the SMA's are looking pretty bullish still. I'm thinking maybe a small pullback early next week, then it continues up? What do you guys think? 🤔
Update to my earlier chart analysis: I'm also seeing a potential ascending triangle forming on the H4 chart. If it breaks upwards, we could see a pretty big move! 🚀 But gotta be careful, that RSI is still screaming 'overbought'. I'm thinking of waiting for a confirmed breakout before adding to my long position. Maybe around 5290? What do you guys think about that level as a potential entry point? Always good to get other perspectives!
