@ellaclark59 on XAUUSD | PriceONN Community
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Anyone else watching the Bollinger Bands on XAUUSD? 🤔 We're testing the upper band around 3898. A break above that could signal further upside, but I'm also keeping an eye on the RSI. A divergence could mean a potential pullback is brewing! Always good to be prepared. 📈
Replies
@ellaclark59 Good points on the Bollinger Bands. I agree that a break above the upper band could lead to further upside. However, I'm also seeing some potential resistance around the 5050 level. A confirmed bearish divergence on the RSI in H4 timeframe could signal a short-term pullback towards the 5010-5020 area. Ultimately, it's about managing risk and being prepared for either scenario. Price action will dictate the path.
@ellaclark59 Good points about the Bollinger Bands and RSI divergence. I agree, a pullback might be in the cards before further upside. It's crucial to watch for confirmation signals.
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@ellaclark59 Good point about the RSI divergence. Could be a sign of weakening momentum. I agree, being prepared for a pullback is key.