XAUUSD
- Looks like Classic Sweep Below Swing Low to take out Stops.
- Nice Pinbar = propulsions candle.
- Have had Pull Back into Fair Value Gap.
- Alot of Orders in those Pinbar and Bullish engulfing candles on KT Volume Profile Indicator.
- Now across Mvg Ave 200.
- Gold should follow Silver who is ahead considering the pairs correlation.
Fear Gauge crashing
45
Previous close
46
1 week ago
62
1 month ago
74
- The narrative surely is still the fight against "Dick Darstedly Inflation".
- Hedge against US dollar collapsing at some stage.
- Oh and there's a couple of wars going on Gold of course a Major Safe haven in times of uncertainty.
- How more uncertain can we be of late.
- But hitting resistance now renound reversal point
- Still best to wait for break above then pull back and bullish candles preferably.
- Nothings easy : )
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