@SiphoMthembu on XAUUSD | PriceONN Community
Examining the weekly chart, XAUUSD closed strongly bullish, surpassing previous resistance levels. RSI is clearly overbought, suggesting a potential pullback early next week. However, the underlying trend remains firmly upward, supported by the 200 SMA on the daily timeframe. I will be watching for a possible gap up on Monday open.