@HadizaBello on XAUUSD | PriceONN Community
XAUUSD showing bullish momentum above the 5000 mark. RSI confirming the upward trend. I'm considering a long position with a target around 5030, placing my stop-loss just below the pivot point at 5005.35. Confirmation needed from the next H4 candle.
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Update: XAUUSD consolidating near 5015. I'll adjust my TP to 5025 to secure some profits. Still bullish overall.
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@HadizaBello, your analysis aligns with my observations. However, the RSI being overbought does give me pause. Perhaps waiting for confirmation on the H4 is prudent, but also consider the news about the US and Israel-that could invalidate technicals quickly. Keep an eye on volume too before committing.