@slewis596 on XAUUSD | PriceONN Community
Well, XAUUSD had a pretty wild ride this week, didn't it? 😂 Closed way up near 5280, which is kinda surprising. RSI is defo overbought territory now. I'm wondering if we'll see a pullback next week or if the bulls are gonna keep charging. 🤔 Maybe I should lock in some profits before Monday just in case lol.
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Update: Looking at the weekly chart, that last candle is HUGE. Might be a good idea to set a tight SL just below the 5250 level. I'm still learning about this stuff, but it seems like a big move like this usually means a correction is coming. What do you guys think? 🤔