@danderson934 on XAUUSD | PriceONN Community

Update: RSI nearing overbought territory on the daily chart, suggesting a potential short-term correction. However, the overall trend remains bullish, supported by rising inflation expectations. I'm looking for a consolidation phase before adding to my long positions. A break above 5200 could trigger another leg up, but I'm cautious about chasing the price here. Consider options strategies to manage risk. I'll be watching the D1 chart closely for confirmation of the trend's continuation. Key levels to watch are 5150 and 5200. I'm also monitoring the VIX for signs of increased volatility.