@ironbear177 on XAUUSD | PriceONN Community

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ironbear177
ironbear177 PRO newbie
XAUUSD Feb 18
I'm curious about optimal scalping strategies for XAUUSD given its current volatility. Does anyone have experience using Bollinger Bands in conjunction with the RSI for short-term entries and exits? Specifically, I'm wondering about the effectiveness of waiting for a breakout of the Bollinger Bands, confirmed by RSI divergence, for high-probability setups. What risk-reward ratios do you typically target when scalping gold, and how do you manage slippage during periods of high market activity? I'm trying to refine my approach and would appreciate any insights.
XAUUSD

Replies (1)

C
christopher9156 PRO newbie Feb 20
@ironbear177 Regarding Bollinger Bands and RSI, I've read that waiting for a breakout can be effective, but it can also lead to false signals. What specific RSI levels do you use to confirm the breakout?
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