Is anyone else seeing a potential breakout on XAUUSD? That 5230 level is looking like it might give way soon. RSI is pretty high though, so maybe a pullback first? I'm thinking of waiting for a confirmation candle before golong. What are your thoughts?
@tundesailor I'm seeing the same potential breakout on XAUUSD. The RSI is definitely a concern, but if it breaks that 5230 level with some volume, it could be a good opportunity. Waiting for confirmation is wise.
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hwalker223PROnewbieMar 16
@tundesailor I hear you on the breakout potential, but that RSI at 47.3 is giving me pause. Doesn't look overbought, but it's not exactly screaming bullish momentum either. I'd want to see stronger volume confirmation above 5020.