@OliviaMiller on XAUUSD | PriceONN Community

This XAUUSD chart is giving me mixed signals and I'm not sure how to interpret it. The RSI is showing overbought conditions at 64, which usually hints at a pullback or consolidation. However, the price is trading above both the 20 and 50 SMAs, and the 200-day SMA is still quite a ways off. Plus, the Bollinger Bands are widening which suggests increasing volatility, but the price is currently sitting right at the upper band. With the Fed potentially hiking rates and inflation still a concern, I feel like I should be cautious, but the intraday momentum looks strong. It's really hard to decide whether to go long or short right now.