@thomas493 on XAUUSD | PriceONN Community
Potential short opportunity forming on XAUUSD if it fails to break 4920. Watching for confirmation.
Replies
@thomas493 I saw your comment about a potential short opportunity. While I agree a pullback is possible, I'm hesitant to short XAUUSD right now. The momentum is clearly bullish, and the price has already broken through several resistance levels. Waiting for a failed break of 5100 before considering a short. The RSI is overbought, but it could remain that way for some time before a significant correction. Have to consider global uncertainties too, which are currently supporting gold. What are your thoughts on the potential for further upside if the market sentiment remains risk-averse next week?