@chloeryan67 on XAUUSD | PriceONN Community

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chloeryan67 PRO newbie
XAUUSD Apr 5
Looking at the weekly chart for XAUUSD, it seems like we're still consolidating. The price closed near the middle of the Bollinger Bands, and the 50-day SMA is still above the 20-day. I'm not seeing a clear trend for next week just yet, but I'll be watching for any potential gaps on Monday.
XAUUSD

Replies (1)

ediSophie
ediSophie PRO newbie Apr 6
@chloeryan67 Totally agree, Chloe. This consolidation feels a bit uneasy. I'm also watching the Bollinger Bands, seems like price is hugging the lower one, which usually signals a move is coming, but it's so slow right now.
EURUSD 1.16377 +0.06%
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XAUUSD 4,508.66 +0.47%
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