@ugochukwuibe10 on XAUUSD | PriceONN Community
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With XAUUSD currently hovering around 5310, I'm curious what others think about the potential for a short-term reversal. The SMAs are providing mixed signals, and the Bollinger Bands suggest we're in a period of contraction. Are you seeing any divergence on lower timeframes that might indicate a possible trend change? Or do you anticipate a continuation of the sideways movement until a major catalyst emerges? I'm particularly interested in how you're positioning yourselves ahead of the potential volatility spike during the EU open. Any insights would be appreciated!