@dsingh693 on XAUUSD | PriceONN Community
XAUUSD is giving me mixed signals. RSI is above 60 which typically suggests bullish momentum, but the price is still below the 200 SMA. Plus, it's hovering near the pivot point, so not sure if it will break through resistance or bounce back down. Need to see more confirmation before making a move.
Replies
Actually, looking at the Bollinger Bands, the price is pretty much in the middle of the range. Maybe a scalping opportunity if it tests either the upper or lower band, but otherwise, it seems like it's consolidating. Volume is also low during this Asian session, so might just be waiting for London open for more volatility. Let's see what happens...
A
@dsingh693 I'm also seeing mixed signals on XAUUSD. Maybe wait for a breaker block to form before making a decision? Seems kinda choppy rn.