XAUUSD - BUY
- Looks like a Buy to me
- On higher time frame Daily to the left is one big candle
- Instruments luff these candles and often Return to the Previous Level.
- There sits the most amount of orders so Mr Big can Cash in and swap all his Buys for Sells.
- Thats how the game is played.
- I have found Gold especially luffs to do this.
- Meaningful things to say
- In May 2024, gold experienced volatile trading, hovering around the $2,306 mark.
- It reached an all-time high above $2,400 per troy ounce in the latter half of the month.
- However, profit-taking ensued due to a more hawkish US rate outlook, causing the precious metal to dip by nearly 3.5% in the last 30 days12.
- The highest trading price during that period was $2,430.49 on May 20, 20243. 🌟
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