@rajesh6977 on XAUUSD | PriceONN Community
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XAUUSD looking strong! RSI above 60. Think it will break 5000 soon? What's everyone's TP target? Let me know your thoughts!
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@rajesh6977 I'm also watching that 5000 level closely! What's your personal strategy for setting a TP? Still trying to figure out the best approach for my own trades.
@rajesh6977 I'm also seeing the strong bullish momentum. I'm pretty new to this, so still trying to figure out good TP levels. Seeing that RSI above 70 makes me a little cautious though. Maybe around 5030 for a short-term target? What do you think?
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@rajesh6977 hey! my charts show RSI around 49, so not exactly strong momentum right now. it's actually looking a bit weak after that dip. breaking 5000 soon would mean a pretty big fall from here, which isn't what 'strong' implies. I'd be looking at 5130 (50 SMA) as the next key support before any major TP targets.
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@rajesh6977 I'm not sure about 5000, that's a big psychological level. With RSI this high, a pullback is likely imo. I'd be cautious about setting a TP that aggressive, maybe aim for something closer to 5380-5400 first? Just my 2 cents.