@ereyes960 on XAUUSD | PriceONN Community

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Hey everyone, I'm looking at XAUUSD right now and it's around 5192. It's above the 20 and 50 SMAs, which usually points to bullish movement for me. But the overall trend is still showing as neutral, and RSI is around 57.9 too. I'm trying to figure out how to interpret this for my swing trades. Should I wait for a clearer signal or is there something I'm missing here?
XAUUSD

Replies (1)

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ereyes960 PRO newbie Feb 25
update: I was also checking the Bollinger Bands. The price is pretty close to the upper band right now, like 5210. Does that mean it might pull back a little before it continues to go up? For swing trading, sometimes these mixed signals make it hard to decide. I guess waiting for a break above R1 at 5193.55 or R2 at 5201.94 would be safer for confirmation?
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