FX.co ★ king.zelda | XAU/USD, GOLD

Pair XAUUSD M30: 1 - On Wednesday, there was a forecast for a selling entry point for Gold from the level of 4188.00. The price attempted to break this level several times but ultimately failed to settle below it. 2 - Speaking of the Bollinger Bands situation, the price is within the central area of the bands, and the bands themselves started to contract inward. Movement from here could continue in any direction, and to get a quality signal for price increase or decrease, it is worth waiting for an active touch of the upper or lower band, and then assessing whether the bands will expand outward or if there will be no reaction. 3 - The Awesome Oscillator indicator is near the zero mark and therefore does not provide us with any signals. It would be best to wait for active growth in the positive or negative area, which would indicate the price movement in the direction of this growth. 4 - In this situation, the entry point for buying can be placed at the level of 4308.00. Price increase with an active breakthrough and consolidation can be expected up to the levels of 4318.00 and 4328.00. 5 - In the current conditions, selling opportunities can be considered from the level of 4288.00. Price decrease with an active breakthrough and consolidation could continue to the levels of 4278.00 and 4268.00.