XAU is in Trading Range after a swing (Bull Leg) to upside. It has been now for 40 bars in Trading Range (2010$-2060$). It will Break Out of this Trading Range and is going to swing for a Measured Move. Probability of breakout and a swing to upside or downside is now 50/50, so we need to wait for breakout of Trading Range.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.