Is it just me, or are the indicators giving mixed signals on XAUUSD rn? RSI is near 60, not overbought, but the price is testing the upper Bollinger Band. Plus, the 200 SMA is right above us. I'm seeing bullish and bearish signals... kinda confused tbh. Anyone else in the same boat?
@ApexHunt38 I agree, the mixed signals are concerning. While the RSI isn't overbought, the price action near the upper Bollinger Band suggests potential resistance. The 200 SMA looming above adds another layer of complexity. I'd be cautious about entering any new positions until there's a clearer directional bias. Perhaps waiting for a confirmed breakout or breakdown would be a safer approach.
