Is gold really going to keep going up? I'm seeing mixed signals. RSI isn't overbought, but it's getting close. The price has been pretty volatile lately. I'm hesitant to open a new position right now until I see more confirmation.
Update: I'm looking at the Bollinger Bands on XAUUSD. The price is testing the upper band around 5202. If it breaks above that, it could signal a stronger upward move, but it could also mean it's overextended. I'm also watching the 20-day SMA as a potential support level. It's currently around 5181.93.
I think I will wait until tomorrow before I do anything. Maybe the dust will settle a bit.
