@T_Taylor on XAUUSD | PriceONN Community
Looking ahead to the next week, XAUUSD's recent surge suggests continued upward momentum, but the overbought RSI warrants caution. I anticipate a potential test of the 5120 level early in the week. If that level breaks, we might see a push towards 5150. However, a failure to sustain gains above 5100 could signal a pullback towards the 5070 support. Economic data releases next week will likely play a significant role in determining the direction. I'll be watching for any news that could impact risk sentiment and influence gold's safe-haven appeal. Overall, I expect a volatile week with opportunities for both long and short positions, depending on market reactions to key levels and news events.