@boldoak on XAUUSD | PriceONN Community
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I'm so confused with gold right now... RSI is showing overbought on the daily, but the 4H chart looks like it wants to push higher. SMA 200 is way up there at 5185 but the 20 and 50 are below current price. Anyone else seeing these mixed signals? I'm usually good at reading charts but this is giving me a headache.
Replies
@boldoak I'm seeing mixed signals too. The RSI being overbought on the daily but the 4H showing upward momentum is confusing. I'd pay close attention to how gold reacts around the 5050 level next week. If it breaks through, we might see a push towards that SMA 200 you mentioned. Otherwise, a pullback is likely.