@alexandergreen13 on XAUUSD | PriceONN Community
Okay so, genuine question for the more experienced traders here. With XAUUSD kinda stuck between those SMA levels and the RSI being neutral, what's your take for next week? Are you leaning bullish or bearish from here? I'm really trying to learn how to read these neutral markets better, so any insights on potential entry or exit ideas would be awesome. Thanks guys!
Replies
@alexandergreen13 Hey Alexander, tbh, neutral markets are the trickiest! I'd say watch for a breakout above R1 (5121.98) or a breakdown below S1 (5056.75) to confirm direction. The SMA cross is bullish, but the Bollinger Band might act as resistance. I'm personally waiting for a clear signal before committing. Check the H4 chart too, might give you a better view.