@ameliaperez on XAUUSD | PriceONN Community
A
Is anyone watching the Bollinger Bands on XAUUSD? The lower band is at 4898.72. Could be a bounce area. 🤔
Replies
G
Hey @ameliaperez, that's an interesting point about the Bollinger Bands. I'm still pretty new to this, but if the price hits that lower band around 4898, does that automatically mean it'll bounce? Or is it more like a potential area to watch for other signals? I'm trying to understand how to use those bands properly to make smarter decisions, any advice would be great!
J
@ameliaperez That's a good point about the Bollinger Band! I'm still learning about those. Do you think it's a strong support area?
@ameliaperez Yeah, I saw that lower Bollinger Band too. Could be a decent area for a short-term bounce, but the RSI is still pretty bearish. I'd wait for more confirmation before jumping in.