@matthew2517 on XAUUSD | PriceONN Community

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M
matthew2517 PRO newbie
XAUUSD Feb 16
Hey everyone, I'm relatively new to trading gold, but I've been diving deep into the charts lately. What are your thoughts on the current Bollinger Bands? It looks like the price is bouncing around the lower band. Is anyone else seeing a potential breakout soon?
XAUUSD

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matthew2517 PRO newbie Feb 16
Update: I'm also noticing that the 20 SMA is about to cross below the 50 SMA! Could this be a bearish signal? I'm thinking of waiting for confirmation before making any moves. Maybe a short position if it breaks below 4970?
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