@grace6434 on XAUUSD | PriceONN Community
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XAUUSD seems to be stuck in a range. The 20 and 200 SMAs are very close right now, around 4960-4970. Until we see a clear break above or below these levels, I'm hesitant to take a strong position. Watching the Bollinger Bands for a potential breakout signal.
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Hi @grace6434, I agree that XAUUSD seems to be in a range. I'm also watching the Bollinger Bands for a potential breakout, but I'm a bit nervous about a false signal. Maybe waiting for confirmation on the H4 chart would be a good idea?
Hi @grace6434, I agree that XAUUSD is in a range right now. It's kinda stuck between the Bollinger Bands. The SMAs are converging, which could mean a breakout is coming soon. I'm also hesitant to take a strong position until I see a clear direction. Patience is key! 🔑