Bollinger Bands XAUUSD Method Summary
Bollinger Bands indicator is a popular analysis technical indicator which can be used in various ways.
However, like most technical indicators it shouldn't be used alone. Bollinger bands indicator work best combined with overbought & over-sold trading indicators and oscillators.
Since Bollinger Band uses volatility of price to determine the price trend, traders should not use technical indicators that duplicate this information. Instead the Bollinger bands technical indicator should combined with indicators that measure volume or momentum.
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