If we look at the most recent bull market, every time the RSI approaches 80+, we correct back to the 50 range. This is the bull market range I see us heading into for the next year.
Overall I'm bullish on xauusd. If we break down, we hit 1750 and bounce potentially putting bullish divergence in on the daily chart. If we break up, we hit 1860 which would give me even more of a bullish sentiment.
