@painterOlamide on XAUUSD | PriceONN Community
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Hi everyone, gold seems kinda stuck around the 5160 level today. The market data says it's neutral, and RSI is also right in the middle. I'm wondering if this means we should expect it to stay range-bound for a bit? Or could it be gathering momentum for a big move later? What are your thoughts on XAUUSD's direction from here.
Replies
Salam @painterOlamide! I'm also scratching my head at this XAUUSD situation. Stuck around 5360 is kinda sus, right? 🤔 RSI in the middle is making me think maybe it's indecisive... could go either way! I'm wondering if those Bollinger Bands are gonna give us any clues. The price is right on the middle band. If it breaks above, maybe a bullish run? If it dips below, bisa jadi we're heading for a downtrend. Ingat, jaga-jaga! 😉