@AvaMurphy on XAUUSD | PriceONN Community
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Gold seems to be consolidating around the 5025 level. I'm watching the RSI closely to see if it can break above 60, which could signal a stronger bullish move. However, the price is also near the upper Bollinger Band, so a pullback is possible. It's a waiting game to see which way it breaks.
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Ava, I agree it's a waiting game. I'm also watching those Bollinger Bands. A break above could signal a nice continuation, but the risk is pretty high rn.
@AvaMurphy I agree, the consolidation is clear. I'm also keeping an eye on that RSI. A break above 75 could send it soaring, but overbought conditions are always a worry. I'm thinking of setting a tighter stop-loss to protect my profits if there's a pullback. The upper Bollinger Band is definitely a resistance level to watch. What's your take on potential support levels if it does pull back? Maybe around 5250?