Bollinger Bands Gold Price Action in Trending Gold Markets

Bollinger Bands indicator is used to identify and analyze trending gold markets. In a trending gold market this gold technical indicator clearly shows up or down direction.

Bollinger Bands indicator can be used to determine the direction of the Gold trend. In an upward gold trend Bollinger Bands indicator will clearly show the direction of the trend, it will be heading upwards and xauusd price will be above middle Bollinger.

In a downwards gold trend the xauusd price will be below the middle band the bands will be heading downwards.

By observing the Bollinger bands gold indicator patterns formed by Bollinger bands a trader can determine the direction in which the xauusd market is likely to move.

Bollinger Bands XAUUSD Indicator Patterns and Continuation Trading Signals

Gold Upwards Trend

• During an upswing, the gold candles will stay within the upper Bollinger band the central moving average.
• Gold Prices that close above the upper band are a sign of bullish continuation xauusd trading signal.
• Gold Prices can hug/ride the upper band during an upwards gold trend

Upward Gold Trend Trading Strategy Using Bollinger Band Strategy

XAUUSD Downwards Trend

• During a down swing, the gold candlesticks will stay within the moving average & the lower band.
• Gold Prices that close below the lower band are a sign of bearish continuation xauusd trading signal.
• Gold Prices can hug/ride the lower band during an downwards gold trend

Downwards Gold Trend Trading Strategy Using Bollinger Band Strategy