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Bollinger Bands XAUUSD Strategies

Bollinger Bands XAUUSD Indicator Strategy

Bollinger Bands xauusd indicator acts as a measure of volatility. Bollinger Bands xauusd indicator is a xauusd price overlay indicator.

Bollinger Bands indicator consists of three lines or bands; the middle band (moving average), an upper band a lower band. These three bands will enclose the gold price and the gold price action will move within these three bollinger bands.

Bollinger Bands xauusd indicator forms upper and lower bands around a moving average. The default moving average for bollinger bands xauusd indicator is the 20-SMA. Bollinger Bands xauusd indicator use the concept of standard deviations to form their upper and lower Bands.

The example of Bollinger Bands xauusd indicator is shown below.

How to Trade XAUUSD Trading with Bollinger Band XAUUSD Strategy - 3 XAUUSD Trading Bollinger Bands: Upper, Lower and Middle Bands Examples Explained - 3 Bollinger Bands XAUUSD Strategies

Bollinger Bands Gold Indicator - How to Trade XAUUSD Trading with Bollinger Band XAUUSD Strategy

Because standard deviation is a measure of gold price volatility and volatility of the xauusd market is dynamic, the xauusd bollinger bands keep adjusting their width. Higher gold price volatility means higher standard deviation and the more the bollinger bands widen. Low gold price volatility means the standard deviation is lower and the bollinger bands contract.

Bollinger Bands forex indicator use gold price action to give a large amount of gold price action movement information. The gold price information given by the this bollinger bands xauusd indicator includes:

  • Periods of low volatility- consolidation phase of the gold market.
  • Periods of high volatility- extended trends, trending xauusd markets.
  • Support and resistance levels of the xauusd price.
  • Buy and Sell points of the xauusd price.

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