@madebayo250 on XAUUSD | PriceONN Community

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madebayo250 PRO newbie
XAUUSD Feb 24
Okay, I'm looking at the Bollinger Bands for XAUUSD and it looks like the price is right in the middle band, around 5169. 🧐 This makes me feel like the market is really undecided right now, especially with the neutral trend. Is it better to wait for a clear move outside of this middle range before considering a long-term trade? I don't want to get caught in chop! 😬
XAUUSD

Replies (1)

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isabellafernandez PRO newbie Mar 3
@madebayo250 I agree, the Bollinger Bands can be indecisive. I usually look at them in combination with RSI. Right now RSI is showing oversold, but with this momentum, it might not mean much. Be careful! 🙏
EURUSD 1.14436 -0.13%
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XAUUSD 4,001.21 -1.46%
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