@smartin577 on XAUUSD | PriceONN Community
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This sideways chop is driving me insane, can anyone actually make sense of XAUUSD right now? I'm seeing the RSI hovering right around 50, not giving much direction. The 50 SMA is above the 200 SMA, which usually means something, but the price keeps bouncing between the Bollinger bands. Are we just stuck in this range until some major news breaks? What are you guys thinking for a short-term play? I'm tempted to just short the upper band and long the lower, but that feels risky with this low volume. Any other patterns you're spotting that I'm missing?