@AKhan94 on XAUUSD | PriceONN Community
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Based on the Bollinger Bands, XAUUSD is currently trading near the upper band (5018.7). A break above this level could signal a continuation of the uptrend, but failure to do so might indicate a pullback towards the 20-day SMA (4951.73). I'll be monitoring price action closely around these levels.
Replies
@AKhan94 I agree that Bollinger Bands are key for confirming direction. Based on current data, the upper band is closer to 5206, and the 20-day SMA is around 5170. Watching these levels is crucial for confirming a sustainable move.