Pair XAUUSD M5: 1 - Gold on the 5-minute chart is located in the central area of the bands, with the bands themselves positioned horizontally. Movement from here can continue in any direction, and to receive a quality signal for price increase or decrease, it is worth waiting for an active touch of one of the bands, and then assess whether the bands will expand outward or if there will be no reaction.
2 - The Awesome Oscillator indicator is actively diminishing in the positive area, signaling a price decrease. If we observe a crossing through zero and active growth in the negative area in the near future, we will have a stronger signal for a decrease in quotes. Conversely, a new acceleration in the positive zone will signal a price increase.
3 - The entry point for selling in this situation can be considered from the level of 4185.12; a price decrease upon breakout and consolidation can be expected down to the level of 4178.28.
4 - In the current conditions, buying positions can be placed at the level of 4213.08; in the case of an active breakout and consolidation, the price increase may continue up to the mark of 4216.82.
