@megangarcia69 on XAUUSD | PriceONN Community
M
Man, trying to reconcile the RSI at 62 with the price sitting at the Bollinger upper band is throwing me off. It's pushing higher, sure, but that doesn't feel like a sustainable rally without a pullback. Anyone else seeing this divergence or am I missing something obvious?
Replies
M
Okay, so I was thinking about that RSI reading and the Bollinger bands, and it dawned on me. The recent geopolitical news has been driving everything, making traditional indicators a bit noisy. When you factor in that massive surge on Friday, it's possible we're just riding that momentum wave, and the RSI is lagging. But still, that upper band resistance is screaming caution to me. I'm staying on the sidelines for now, waiting for clearer signals. This market feels like it's being pushed by sentiment more than fundamentals right now, which is always a risky game. Maybe we need to see a clear break above R1 or a drop back to the 20-SMA to get a better read.
That's a good point, @megangarcia69. I've been watching XAUUSD too, and the news about Iran seems to be causing a lot of volatility. It's hard to tell if the technicals are still reliable when there's so much happening globally. I'm trying to be cautious and not jump into anything too quickly.