@kanderson340 on XAUUSD | PriceONN Community
XAUUSD showing strong bullish momentum. RSI near 70 suggests overbought conditions, but the price continues to climb. Watching for a potential pullback near the R1 pivot at 5078.99. Could be a good entry point if it consolidates.
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Update: A break above R2 at 5087.09 might signal further upside potential towards 5100. However, keep an eye on the Bollinger Bands; the upper band is currently at 5085.25. A rejection there could lead to a short-term correction. Risk management is key.