@AvaAllen on XAUUSD | PriceONN Community
Looking at XAUUSD on the D1 chart, the RSI is definitely overbought at 75.6. I'm cautious about entering long positions at this level, despite the price sitting above all major SMAs. A pullback might be necessary before further upside. I'll be watching for confirmation signals on Monday before making any decisions.
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Update: I'm also considering the Bollinger Bands. Price is testing the upper band, which could act as resistance. It's a confluence of overbought RSI and upper Bollinger, so I'm leaning towards a short-term bearish outlook, at least initially next week. Will keep an eye on volume too.