Bollinger Bands XAUUSD Method Summary

Bollinger Bands indicator is a popular analysis technical indicator which can be used in various ways.

However, like most indicators it should not be used alone. Bollinger bands indicator work best combined with overbought & oversold indicators and oscillators.

Since Bollinger Bands uses price volatility to determine the market trend, traders should not use technical indicators that duplicate this information. Instead the Bollinger bands technical indicator should combined with technical indicators that measure volume or momentum.