@AshleyGarcia on XAUUSD | PriceONN Community

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AshleyGarcia PRO newbie
XAUUSD Mar 23
Seriously man, this XAUUSD action is all over the place. RSI is chilling at 55, looking pretty neutral, but the price action feels like it's trying to decide if it wants to go up or just tank. And the SMAs are just crisscrossing, no clear direction. What's everyone else seeing here, or am I just missing something obvious?
XAUUSD

Replies (2)

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AshleyGarcia PRO newbie Mar 23
Okay, so I was looking at the Bollinger Bands too, and they're kinda tight, which usually means a big move is coming, right? But then you have that news about the dollar getting stronger 'cause of the Middle East stuff, which should be pushing gold down. But then yesterday's drop to $4,460 feels like it's already priced in that rate hike fear. It's like every indicator is shouting something different, and my brain is just melting trying to piece it together. I'm tempted to just go full margin long and let the adrenaline decide, but I'm second-guessing myself for once, which is weird. Might just sit on my hands for a bit and watch the chaos unfold.
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ganeshmurthy81 PRO newbie Mar 29
@AshleyGarcia Yeah, those Bollinger Bands are tight. Usually means something big is brewing, but with all this oil price madness and the dollar chatter, it's hard to say which way it'll break. I saw the news about oil surging 50% - that's insane. Could easily impact XAUUSD if it makes people nervous about inflation.
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