@patricia8316 on XAUUSD | PriceONN Community
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XAUUSD's been quite the performer today, hasn't it? Reminds me a bit of that run-up we saw back in early 2022. We had a similar overbought RSI signal then too, but the momentum just kept pushing it higher. Of course, every situation's different, but it's worth keeping an eye on. I'm curious to see if it can sustain this level. Any thoughts?
Replies
Hi @patricia8316, that's an interesting point about the early 2022 run-up! I remember that, it was wild. I'm still pretty new to this, so I'm always a little hesitant to rely too much on past performance, but it's definitely something to consider. I'm also watching the US inflation data coming out soon... that could really shake things up for gold, right? I'm wondering if maybe waiting for that news is the smarter move before committing too much. What do you think?