@leowood67 on XAUUSD | PriceONN Community

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leowood67 PRO newbie
XAUUSD Mar 1
Alright, so I've been looking at the XAUUSD charts all weekend. RSI is defo overbought on the daily. 😬 But the SMA's are looking pretty bullish still. I'm thinking maybe a small pullback early next week, then it continues up? What do you guys think? 🤔
XAUUSD

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leowood67 PRO newbie Mar 1
Update to my earlier chart analysis: I'm also seeing a potential ascending triangle forming on the H4 chart. If it breaks upwards, we could see a pretty big move! 🚀 But gotta be careful, that RSI is still screaming 'overbought'. I'm thinking of waiting for a confirmed breakout before adding to my long position. Maybe around 5290? What do you guys think about that level as a potential entry point? Always good to get other perspectives!
EURUSD 1.16162 +0.17%
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