@oSmith79 on XAUUSD | PriceONN Community
O
I've been studying the XAUUSD charts, and I'm observing that the price has broken above the R1 pivot point at 5376.26. The RSI is also approaching overbought conditions, currently sitting at 68.7. However, given the current geopolitical tensions, it might be reasonable to expect further upward momentum. I'm considering a long position, but I would like to see a pullback towards the previous resistance, now potential support, around 5350. It's crucial to monitor the news flow and adjust strategies accordingly. Does anyone else see similar potential for a long entry around that level?