@andrewmartinez12 on XAUUSD | PriceONN Community
A
I've been studying the relationship between the 20 SMA and 50 SMA on the H4 chart for XAUUSD. It seems like whenever the 20 crosses above the 50, we see a decent bullish run, but it often reverses quickly. Right now, the 20 SMA is well above the 50 SMA, suggesting continued upward momentum. However, I'm also looking at the Bollinger Bands, and the price is approaching the upper band around 5045. Should I wait for a slight pullback before entering a long position, or is the current momentum strong enough to push through that resistance?