XAU/USD WEAKNESS
Hello Traders!
We know that these markets are not random and have an algorithmic structure to them. Price is drawing to discount levels.
the seasonal tendency for the DXY is bullish this Nov - The next quarter.
we did have a seasonal shift for XAU as oct was expected to be a down month but rallied into NOV.
I am anticipating short term weakness in this pair to the bullish OB.
We know that these markets are not random and have an algorithmic structure to them. Price is drawing to discount levels.
the seasonal tendency for the DXY is bullish this Nov - The next quarter.
we did have a seasonal shift for XAU as oct was expected to be a down month but rallied into NOV.
I am anticipating short term weakness in this pair to the bullish OB.
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.