@IGagne75 on XAUUSD | PriceONN Community

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IGagne75 PRO newbie
XAUUSD Feb 21
Looking at that weekly close on XAUUSD... RSI is screaming overbought at 73.3. Could be a sign of exhaustion, or just the start of a bigger run. The 20 SMA is way below current price, so any pullback might find support there. I'm thinking about scaling back my long positions a bit and maybe even considering a small hedge. Going to be watching that pivot point around 5075 closely on Monday. A break below that could signal a deeper correction. Gotta be ready for anything, especially with gold.
XAUUSD

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EURUSD 1.16379 +0.06%
GBPUSD 1.34512 -0.09%
USDJPY 159.86900 -0.01%
XAUUSD 4,506.65 +0.42%
XAGUSD 74.69 -0.54%
BTCUSD 64,092 -5.18%
SP500 6,572.87 +0.74%
BRENT 98.05 -0.84%
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