@AliRunner on XAUUSD | PriceONN Community
XAUUSD testing resistance around 3890. A break above could lead to further upside towards 3900. Keep an eye on volume.
Replies
@AliRunner, your observation about the 5039 resistance level is spot on. I agree that a decisive break above that area could pave the way for further gains, potentially towards the 5050 region. However, it's crucial to consider the RSI, which is already approaching overbought territory. A false breakout followed by a sharp reversal is a distinct possibility, especially if volume doesn't confirm the initial upward move. I'll be looking for confirmation signals before committing to any long positions.