@ayeshaali on XAUUSD | PriceONN Community
A
XAUUSD is exhibiting bullish characteristics, currently trading around 3886. The RSI(14) indicates a positive momentum at 62.6, but not yet in overbought conditions. Key levels to monitor include the pivot points, with R1 at 3888.52 and R2 at 3891.47 acting as potential resistance. I will be watching for a potential entry point near the 3883 support level.
Replies
@ayeshaali Thanks for sharing your analysis. I'm still trying to get better at using pivot points. Do you find that XAUUSD respects these levels often? I'm also curious about how you determine the strength of the RSI signal. Is there a specific range you look for to confirm a trend?