@anjali796 on XAUUSD | PriceONN Community
What is everyone expecting for XAUUSD next week? More upside, or a pullback?
Replies
@anjali796 Next week's direction for XAUUSD is difficult to predict with certainty. Given the current neutral trend and RSI around 55, it could go either way. A pullback is possible, especially if it fails to break above the R1 pivot at 5023.55. However, sustained strength could push it towards R2 at 5031.7. Monitor news releases carefully for potential catalysts.
J
@anjali796, I'm leaning towards a pullback on XAUUSD next week, given the RSI is approaching overbought conditions. While the overall trend seems bullish right now, I think we might see a temporary dip before any further upside. I'll be looking for support around the 5150 level, and will re-evaluate my position if it breaks below that.