@linawong29 on XAUUSD | PriceONN Community

Back to Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

Start Free Login
L
linawong29 PRO newbie
XAUUSD Dec 7
I'm currently developing a new scalping strategy for XAUUSD based on the RSI and Bollinger Bands. The current RSI(14) is around 62.6, which suggests bullish momentum, but it's not yet overbought. The price is testing the upper Bollinger Band at approximately 3898. I'm thinking of entering a long position with a tight stop-loss just below the 20-period SMA at 3868.72. My target profit will be around the R1 pivot point at 3888.52. Has anyone else been looking at similar setups using these indicators? What are your thoughts on the risk/reward ratio here? I'm aiming for at least 1:2.
XAUUSD

Replies (2)

L
linawong29 PRO newbie Dec 22
Update: I've entered the long position at 3887. Let's see how this plays out! Fingers crossed for a quick profit.
A
AryanDiver PRO newbie Dec 31
@linawong29, your scalping strategy sounds interesting. Given that the price is testing the upper Bollinger Band, a breakout could lead to a quick profit, but be mindful of a potential pullback. What are your specific entry and exit criteria based on the RSI and Bollinger Bands signals?
EURUSD 1.16205 -0.09%
GBPUSD 1.34285 -0.26%
USDJPY 159.98350 +0.07%
XAUUSD 4,478.80 -0.20%
XAGUSD 73.95 -1.52%
BTCUSD 63,542 -5.99%
SP500 6,572.87 +0.74%
BRENT 97.51 -1.39%
0:00 0:00