FX.co ★ king.zelda | XAU/USD, GOLD

Pair XAUUSD D1: 1 - Buyers attempted to push the price higher yesterday, but towards the end of the trading session, sellers managed to turn the tide and end the day in their favor. Looking at the Bollinger Bands, the price retraced to the central band, with the bands starting to squeeze inward. The movement from here can continue in either direction, and to receive a reliable signal for a price increase or decrease, it is advisable to wait for an active touch of one of the bands, and then assess whether the bands expand outward or not. In terms of fractals, the target for a price increase is the nearest fractal above, breaking through it and consolidating above will allow the price to move towards the fractal from October 20 at the level of 4381.22. The nearest fractal below is far from the current price, so waiting for the formation of a new, closer fractal is necessary to have a reference point for a potential price decrease. 2 - The Awesome Oscillator indicator is actively growing in the positive zone, and it is currently unclear when the first peak will form, indicating that the price increase may continue further. To receive a reliable signal for a price decrease, it is recommended to wait for the formation of a new, closer fractal.