FX.co ★ king.zelda | XAU/USD, GOLD

Pair XAUUSD M5: 1 - Gold on the 5-minute chart is located in the central area of the bands. From here, price movement can continue in any direction, and to receive a high-quality signal for an increase or decrease in price, it is worth waiting for an active new breakout beyond the upper or lower band, and then assess whether the bands will expand outward or not. 2 - The AO indicator has started to show fading in the positive zone, if we see a cross through zero and active growth in the negative area soon, we will get a stronger signal for a price decrease. A new increase in the positive zone will signal a price increase. 3 - The entry point for sales can be considered from the level of 2323.91, a price decrease upon a breakout and consolidation can be expected down to the level of 2321.34. 4 - The entry point for purchases can be placed at the level of 2330.44, a rise in prices can be continued up to the level of 2337.11.