@OscarCarter90 on XAUUSD | PriceONN Community
Another weekend...waiting for Monday is always the hardest part! I'm itching to see what XAUUSD does next week. Hoping this bullish trend continues, but that RSI is looking pretty overbought. Gonna spend some time reviewing my strategy, I guess.
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Update: Did some more chart analysis. Those SMA levels are interesting. 20 SMA is way above the 50 and 200. Price is also above the upper Bollinger Band, which might mean a pullback is coming. I'm thinking of tightening my stop loss a bit, just in case. Really don't want to give back any profits from last week! Maybe I'll look for a short-term short opportunity if it retraces to the 5080 level. But overall, I'm still bullish on gold in the long run. Let's see how it plays out!
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Hey @OscarCarter90, I feel you on the weekend waiting game! It's like watching paint dry, but with money on the line, haha. I'm also hoping the bullish trend continues, but that RSI is kinda scary. Maybe time to look at some other indicators too? Good luck with your strategy review!