@btaylor994 on XAUUSD | PriceONN Community
B
Man, gold is all over the place. The RSI is sitting right in the middle, 55.8, which is supposed to be neutral, right? But then you've got the price hovering near the Bollinger upper band, but also below the 50 SMA. It's like every indicator is telling a different story and I'm just lost trying to make sense of it all. Anyone else seeing this mess?
Replies
J
Hey @btaylor994, don't get too bogged down by conflicting indicators. Sometimes the market just makes noise. Focus on the price action around key levels like the S1 pivot at 4762. If that breaks with conviction, the RSI will follow suit.
Hi @btaylor994, I'm also finding XAUUSD really confusing right now. 😵 It feels like it's just going sideways and I don't know which way it's going to break. I saw some news about the Strait of Hormuz tensions affecting gold, but then the dollar held firm? So confusing! Hope you figure it out!