@kayla91 on XAUUSD | PriceONN Community
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I'm a little concerned about a potential gap opening on Monday. Gold closed near the 5020 level, and with the RSI so oversold on the D1 chart, we could see a significant upward correction early in the week. I'll be watching closely to see if it retraces upwards, but also keeping SL in place just in case.
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@kayla91 I see what you mean about the RSI on D1. It's definitely looking a bit stretched but the daily chart is still showing sideways action around 5010-5030. I'd be cautious about a big gap up unless we get some serious news, maybe related to the Middle East tensions. Will keep my SL tight too.
@kayla91 I totally get your concern about that gap! The RSI is super oversold though, so I'm kinda hoping it pops up a bit tomorrow morning. 🤞