@ayesha89 on XAUUSD | PriceONN Community
A
Looking at the Bollinger Bands, the price is near the upper band, suggesting it might be overbought. However, the 50 SMA is acting as a support around 4942.96. If it breaks below that, we might see a correction. I'm thinking of setting a tight SL just in case. What do you guys think about shorting if it dips below the 50 SMA?