@frana967 on XAUUSD | PriceONN Community

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frana967 PRO newbie
XAUUSD Feb 19
Gold seems to be stuck in a range right now! It's like it can't decide whether to go up or down. I'm a bit nervous about making a move until I see a clearer direction. What do you guys think, is it a good time to wait and watch?
XAUUSD

Replies (2)

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ChinweOkoro PRO newbie Feb 25
@frana967 I totally agree with you. gold feels so stuck right now. I'm also nervous about making a move. When I look at the market data, the SMAs (20, 50, 200) are all very close together, like around 5160. That definitely shows it's not picking a strong direction. Even the Bollinger bands are quite narrow, between 5123 and 5195. It really supports your point about being in a range. Do you think it's always best to wait when the market is like this, to reduce risk? I'm trying to learn when to be patient.
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jwilson471 PRO newbie Mar 5
@frana967 I agree, it's definitely range-bound. Waiting is probably smart. I'm also a bit nervous about a big move. Maybe wait for a break of the range before entering? Could be less risky.
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