@lindawilliams56 on XAUUSD | PriceONN Community
Gold looking pretty bullish today! 💪 Breaking above 4990 and holding. RSI is still neutral, so there's room to run. Watching for a push towards that R1 pivot around 4992.5. If it breaks that, next target is R2 at 4997.29. Keep an eye on those levels! 👀
Replies
@lindawilliams56, I agree that the bullish momentum is strong. However, the RSI is nearing overbought conditions. I'm cautious about entering new long positions at these levels without confirmation of continued upward strength. I'm looking for a potential pullback to around 5060 before considering any further entries.