@folakeoyekanmi99 on XAUUSD | PriceONN Community

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folakeoyekanmi99
folakeoyekanmi99 PRO newbie
XAUUSD Feb 24
Good morning everyone! ☀️ XAUUSD is really testing my patience today, lol. The market trend is officially neutral, and the RSI is also sitting right in the middle at 47.2. It's like gold can't decide if it wants to go up or down, just chilling around the 5150 mark. The Bollinger Bands are also quite tight, from 5115 to 5223, which suggests low volatility compared to other days, right? I'm trying to figure out what could be the next big catalyst to push it out of this range. Any thoughts on what to look out for on the D1 chart? Or maybe some news events coming up? It's tough when there's no clear direction for a position trader like me. 😩
XAUUSD

Replies (1)

joshua6252
joshua6252 PRO newbie Mar 2
@folakeoyekanmi99 I understand your frustration, gold can be indecisive. With the recent news about the US/Israel strike on Iran, safe haven assets are seeing increased demand. This might be the catalyst for a breakout. Keep an eye on those Bollinger Bands – a break above the upper band could signal a strong buy.
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