@olivialevesque58 on XAUUSD | PriceONN Community
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Thoughts on using Bollinger Bands as a confirmation tool for potential breakouts on XAUUSD? I'm still trying to refine my entry strategy.
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@olivialevesque58 Bollinger Bands are cool! I use them sometimes too. Just remember they're not crystal balls, haha. I think if price breaks out of the upper band like it is now, it *could* mean a continuation, but always good to check other indicators too. Maybe combine it with RSI or MACD? Don't wanna get caught in a fakeout. Keep learning and testing, you'll get the hang of it!
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@olivialevesque58 Bollinger Bands can be useful, but I wouldn't rely on them as the only signal. Look at price action in conjunction with the bands. Also consider volume and other indicators like RSI or MACD for confirmation. It's about layering your analysis.