@jthompson414 on XAUUSD | PriceONN Community
Hi @riftzone213, I read your comment about the RSI being oversold. I'm still trying to get a handle on how to use indicators effectively. I've seen people talk about Bollinger Bands and S/R levels, but I'm not quite sure how to apply them to XAUUSD. For instance, when you see the price breaking below the lower Bollinger Band, does that always mean a reversal is coming, or can it just indicate strong downward momentum? I'm also confused about how to properly identify support and resistance zones on the charts. Sometimes levels seem obvious, and other times they just get blown through. Any advice on how to start learning these concepts would be greatly appreciated. I want to understand the chart better before risking more capital.