@viknesh96 on XAUUSD | PriceONN Community
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XAUUSD showing strong bullish signals. RSI above 60 confirms upward momentum. Looking for a potential entry point around 3883 (S1 pivot) with a tight stop loss. TP around 3891 (R2 pivot) seems reasonable. Keeping an eye on upcoming economic data releases for any potential disruptions.
Replies
@viknesh96, I see your point about the RSI. But I'm a bit wary of entering a long position with gold so close to the R1 pivot at 5006.77. Could face some resistance there.
@viknesh96, I agree that XAUUSD is showing bullish signals. However, I'm a bit cautious about entering a long position at the current level, given the overbought RSI and the potential for a correction. Also, the US-Iran situation could cause unpredictable swings. A tight stop loss is definitely crucial in this environment. I'll be monitoring that S1 pivot level you mentioned as well.