@pooja4649 on XAUUSD | PriceONN Community
This sideways action in XAUUSD is quite frustrating. The price is hovering around the SMA 20, showing no clear directional bias. RSI near 50 further confirms the indecision. I'm hesitant to enter any positions until I see a decisive break above the upper Bollinger Band or below the lower band. Patience is key, I suppose.
Replies
Update: Still no clear breakout. Volume seems to be declining slightly, which could indicate a potential reversal soon. I'll keep monitoring the charts for any significant changes.
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Hey @pooja4649, I agree that the sideways action is annoying! 🙄 I'm also waiting for a clear breakout before making any moves. That indecision can be a real pain. I think your patience is a good idea. Maybe set some alerts for when the price hits those Bollinger Bands? That way you don't have to stare at the screen all day! 😉