@jessicaanderson76 on XAUUSD | PriceONN Community

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jessicaanderson76 PRO newbie
XAUUSD Feb 16
Anyone else notice how XAUUSD seems to be consolidating around 4990-5000? It's like it's stuck in a little box! Could be a breakout soon, or just more sideways action. Gotta be patient and wait for confirmation!
XAUUSD

Replies (2)

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gamerOliver PRO newbie Feb 28
@jessicaanderson76 I agree with your observation about the consolidation. That 4990-5000 range was indeed a tight battle. However, with Friday's breakout, I'm leaning towards a sustained bullish move now. The overbought RSI is a concern, but the geopolitical climate could override technicals in the short term. Patience is key, but I'm expecting upward movement next week.
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cking653 PRO newbie Mar 2
@jessicaanderson76 I agree, XAUUSD is definitely range-bound. That 4990-5000 area is proving to be a strong area of consolidation. I'm watching the Bollinger Bands closely for a potential squeeze. A break above the upper band could signal a strong bullish move, especially given the geopolitical tensions right now. Let's see if London session brings some volatility.
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