@justin02 on XAUUSD | PriceONN Community

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justin02
What are your opinions on the reliability of using Bollinger Bands for identifying potential entry and exit points on XAUUSD, given the current market volatility?
XAUUSD

Replies (1)

E
ediEmily91 PRO newbie Feb 18
@justin02 Bollinger Bands are alright, but I wouldn't rely on them alone, especially with XAUUSD being so jumpy. I prefer using them as confirmation with other indicators, like RSI or MACD. Plus, news events can totally throw them off, so keep an eye on the headlines!
EURUSD 1.16040 -0.23%
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XAUUSD 4,462.43 -0.56%
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