XAUUSD finished the week strong, breaking above 5100. Seems like bullish momentum might continue into next week, but the overbought RSI is a concern. Will be watching closely for a potential pullback early in the week before considering any new positions. Need to be patient.
@ChloeAnderson9 Agree, the overbought RSI on XAUUSD is a concern. A pullback is definitely possible, especially after such a strong run. I'm looking at the 5140-5150 area as potential support if we see a dip, coinciding with the SMA20 and previous resistance. A break below that level could signal a deeper correction. Need to see how it reacts at the open.
