@michaelsmith93 - XAUUSD | PriceONN Topluluk
M
Analyzing XAUUSD, I'm seeing a potential for a test of the Bollinger Band upper limit around 5200. However, the neutral RSI doesn't provide a strong confirmation. The 20 and 50 SMAs are providing some support, but I'm hesitant to enter a long position without a clearer signal. A break above R2 might be needed for confirmation, but that could also be a bull trap. What are your preferred methods for confirming breakouts on XAUUSD? I'm open to suggestions and alternative viewpoints.