@rWright98 on XAUUSD | PriceONN Community
Gold's been on a tear lately. RSI is still showing bullish momentum, but we're getting into overbought territory on the daily. Expecting some consolidation or a pullback soon. Watch for a break of 5220 for further upside, or a drop below 5200 for a potential correction.
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Update: Just saw gold hit 5222. Resistance is proving tough. Think we might see a bit of a fight here before it decides which way to go. Still leaning towards a pullback before another push higher, but I'm ready to adjust my bias if it breaks convincingly above 5225. Will watch the H4 close.