@elenagarcia70 on XAUUSD | PriceONN Community

@elenagarcia70 I hear you on the RSI being high, Elena. It's definitely showing overbought signals on the daily chart. But like you said, the trend is still king, and holding above 5230 is pretty significant. I'm a bit more cautious though, especially seeing that 200 SMA is still way up around 5110 and gold has pulled back below the 50 SMA today. The news about the Middle East is still a wildcard, could easily push it higher or cause a sharp reversal if things de-escalate. I'm tempted to look for a short if it fails to break 5250, but I'd want to see more conviction, maybe a clear rejection candle or some bearish divergence on the lower timeframes. It's a tricky spot, that's for sure.