@freetide on XAUUSD | PriceONN Community

Observing the XAUUSD price action, it appears the market is heavily influenced by risk sentiment currently. Despite the overbought RSI, the bullish trend remains intact, suggesting strong underlying demand. It might be prudent to wait for a clearer signal, such as a break below the 5150 level, before considering any counter-trend trades. The market seems to be ignoring traditional overbought signals for now, possibly due to geopolitical factors or inflation concerns. Always remember that risk management is paramount, especially in such volatile conditions. Keep an eye on the D1 chart for potential trend reversals.