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