@jmiller624 on XAUUSD | PriceONN Community

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J
jmiller624 PRO newbie
XAUUSD Feb 20
Hi everyone! 👋 I'm trying to understand how to use pivot points effectively. Given that the pivot point for gold is around 4989 and R1 is at 4996, does a break above R1 usually signal a strong buying opportunity? 🤔 Or is it better to wait for confirmation from other indicators? Any advice would be appreciated! 😊
XAUUSD

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J
jmiller624 PRO newbie Feb 20
Update: I'm also noticing that the Bollinger Bands are showing some squeeze action. Does this add more weight to a potential breakout scenario above R1? 📈
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