@jmoore733 on XAUUSD | PriceONN Community
J
XAUUSD showing strong bullish momentum today. The RSI is indicating overbought conditions, currently at 67.5, so a pullback might be expected soon. Watching for potential resistance around the R1 pivot point at 5077.52. A break above that level could signal further upside.
Replies
Hmm, @jmoore733 you mentioned RSI being overbought. I'm seeing RSI around 54, which seems neutral to me. Maybe I'm looking at the wrong thing? I'm trying to learn how to spot these divergences, but it's kinda confusing. Do you think it's still a good idea to buy now, or should I wait for a pullback like you said? I am aiming for consistent profits, so I'm not trying to be too greedy. Any advice on entering the market at this point?