XAUUSD: Is Gold bottoming?
The week started with a Bearish tone setting the low of the week. The first sign of Bullish interest came late Mon in NY session(A). The next day, price pull back and again, the Bulls surface during NY session(B). Wed see price erasing all the gains made on Tues. Note the lesser volume on Wed down bars compare to the higher volume of the up bars during the last 2 NY session. Thu price basically consolidate in a range(C. Accumulation?). Fri see early Bulls action before pull back to the consolidation zone and reacted with a Bullish rejection. But before price make further inroad to the peak of last week, we got 2 back to back SZ to overcome. Will be watching this closely to add LONG to my position.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
Disclaimer
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.
Disclaimer
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.