@calmCreek7 on XAUUSD | PriceONN Community
C
Gold's been on a tear lately, hasn't it? I'm wondering if this is sustainable in the long run. The fundamentals are still pointing towards potential weakness in the dollar, which should support gold prices, but the overbought conditions are a concern. I'm thinking a small pullback to the 50 SMA around 5032 might be a healthy correction before another leg up. I'm going to wait and see how it behaves around that area before making any big moves. It's all about patience, isn't it? I think we could see some volatility this week with the upcoming economic data releases too.