The geopolitical tensions are really pushing XAUUSD higher, as expected. Seeing that RSI climb above 60 signals some solid momentum. I'm watching the R1 pivot around 4771 closely, a break there could target R2. Keep an eye on volume confirmation. 📈
@swiftHawk4, your analysis on the R1 pivot is spot on. I've also marked 4771 as a key area to watch. The RSI is sitting around 52, which isn't screaming 'overbought' yet, but the price action on Friday did show some weakness. I'm a bit hesitant to go aggressively long until we see a clear break above that R1 and sustained volume, especially with the weekend uncertainty. I'm thinking a retest of the 4647 area, near the 20 SMA, is also possible if momentum falters early next week. We need to see if the geopolitical news really continues to fuel a sustained move or if it was just a temporary spike. Patience is definitely the word this weekend.
