@fmalik946 on XAUUSD | PriceONN Community
F
XAUUSD exhibiting strong bullish momentum. RSI above 60 confirms the upward trend. We're currently testing the Bollinger Band upper limit, around 3898. A breakout above this level could signal further upside potential, possibly targeting 3920-3930 in the short term. The 20 and 50 SMAs providing strong support below. However, be cautious of a potential pullback if the RSI enters overbought territory. Watching for confirmation signals before adding to positions. Overall, sentiment remains bullish, but risk management is crucial. I'm setting my TP at 3925 and SL at 3870.