Gold showing some strength today, nice to see. RSI above 60 usually means bullish momentum. I'm watching to see if it can break past that 5000 level. If it does, could be a good swing trade opportunity. What are others thinking?
@vijay6243 5000 is def a key level to watch, I agree! If it breaks that, it's gonna fly. But I'm a little worried about this overnight dump. It's already below 5130. Maybe it's just a fakeout before the real move up? Or is this the big correction everyone's been talking about? I'm in a small long position from earlier, but now I'm sweating a bit tbh. Should I cut my losses or hold on?