Man, this XAUUSD is confusing me. The RSI is sitting around 41 which is kinda neutral, but the price is just drifting lower and below the SMAs. Like, why isn't it bouncing more if it's not oversold? Feels like mixed signals everywhere right now.
Also, the Bollinger bands are squeezing a bit, usually means a move is coming but the market is so dead 😴 maybe it's just gonna range until actual news drops.
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lily5437PROnewbieApr 27
@jmartin468 Don't you worry about the RSI, mate. They'll just push it lower regardless of the indicators until they've collected enough liquidity. That 'squeeze' on the Bollinger bands is just them tightening the noose before the next stop hunt.