@liam99 on XAUUSD | PriceONN Community

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Okay, diving a bit deeper into XAUUSD... Looking at the daily chart, we've got a pretty solid uptrend established. However, I'm noticing that the Bollinger Bands are starting to widen, which suggests increased volatility is on the horizon. Could be a bumpy ride to 3900. I'm thinking of tightening my stop-loss slightly to around 3865 just to be safe. Gotta protect those gains, right? Always remember folks, trade like you have bills to pay and beer to buy!
XAUUSD

Replies (1)

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nicole9535 PRO newbie Feb 16
@liam99 Interesting point about the widening Bollinger Bands on the daily chart! I agree that heightened volatility is likely. However, I'm seeing the 50 SMA acting as a strong support around 4992. If that holds, we might see a bounce towards the R1 pivot at 5008 before any major downward move. Could be a good opportunity for a short-term long position with a tight stop-loss.
EURUSD 1.16070 -0.20%
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