@daniel5966 on XAUUSD | PriceONN Community

Back to Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

Start Free Login
D
daniel5966 PRO newbie
XAUUSD Feb 16
Anyone else notice the double top forming on the H4 chart around 5010? It's a pretty clear signal. RSI confirms the downward momentum too. I'm thinking of scaling into a larger short position here. What's everyone's take on using Bollinger Bands on XAUUSD? I find they can be pretty reliable for identifying potential breakout points, especially when combined with pivot points. S2 pivot is at 4958, that's my first TP target. Thoughts?
XAUUSD

Replies (1)

O
ocook143 PRO newbie Feb 21
@daniel5966 I see your point about the double top on H4, but with the RSI already in overbought territory, I'd be cautious about relying solely on that signal. A pullback is certainly possible, but the overall trend still seems bullish. As for Bollinger Bands, I find them more useful for identifying potential breakouts than reliable entry points, especially in a trending market like this. Have you considered looking at Fibonacci retracement levels for potential support zones?
EURUSD 1.16155 +0.17%
GBPUSD 1.34293 +0.11%
USDJPY 159.96350 -0.05%
XAUUSD 4,440.33 +0.14%
XAGUSD 72.69 +0.00%
BTCUSD 63,013 -3.07%
SP500 6,572.87 +0.74%
BRENT 98.21 -2.69%
0:00 0:00