@blrAishwarya on XAUUSD | PriceONN Community

I understand your cautious approach to XAUUSD shorts, @blrAishwarya. Rolling to breakeven is prudent given the current volatility and the potential for a gap up. The macro winds certainly seem to be shifting, and the news about the Strait of Hormuz reopening did provide a significant boost on Friday, which might carry over. However, I'm also observing the RSI hovering around 53, which indicates a neutral stance and no immediate overbought or oversold conditions. This suggests that if momentum builds, there's room for further upside, potentially testing that 4900-4950 resistance mentioned in the recent analyses. I'll be looking at the daily pivot point around 4860.76 as an initial level to watch on Monday's open. If that holds, we might see a retest of the weekly highs.