@zshah721 on XAUUSD | PriceONN Community
Z
I'm trying to understand XAUUSD better. The price is 5183.32 but the overall trend is neutral. I see SMA20 at 5172 and SMA50 at 5176. They are very close, almost crossing I think. Does this proximity of SMAs mean something important for a beginner? Like a possible trend change coming?
The Bollinger Bands are also interesting, upper band at 5207 and lower at 5137. Is it smart to wait for price to break out of this range? Or should I try trading bounces off the bands? It's confusing when RSI is also neutral at 53.7. How do you decide on direction then?
The Bollinger Bands are also interesting, upper band at 5207 and lower at 5137. Is it smart to wait for price to break out of this range? Or should I try trading bounces off the bands? It's confusing when RSI is also neutral at 53.7. How do you decide on direction then?