@leowood67 on XAUUSD | PriceONN Community

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leowood67 PRO newbie
XAUUSD Apr 6
Just looking at the chart and it seems like the price is bouncing off that lower Bollinger band around 4615? That usually means it might try to go up again, right? 🤔 I'm hoping it holds because I just bought in. Feels like a good spot to try and catch a reversal before it goes too high. Fingers crossed this isn't another trap! 🤞
XAUUSD

Replies (1)

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rahulkumar21 PRO newbie Apr 12
Yo @leowood67, that 4615 level you're talking about sounds pretty far off from where we closed on Friday around 4749. Maybe you're looking at a different chart or timeframe? Bollinger bands are tricky, they just show volatility. What usually means it's going up is when price breaks resistance or creates higher highs and higher lows, not just bouncing off a band. I'd be super cautious buying just based on that, especially if you're going all-in. Markets can be brutal, and you don't want to get caught on the wrong side. Wait for clearer signals.
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