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Hey everyone, I'm trying to figure out where XAUUSD is headed next. It's been kinda stuck around 5180-5190 lately. I'm thinking of trying a breakout strategy, but I'm not sure which way it's gonna break. Any thoughts or opinions? Should I be looking at those SMA lines everyone talks about?
Update: I'm looking at the Bollinger Bands and it seems like the price is right in the middle. Does that mean it's not trending in either direction right now? Maybe I should just wait for a clearer signal before jumping in. Or is there something else I should be looking at?
