GOLD UNCERTAINITY AND HIGH VOLUME UNDER CONSOLIDATION
XAUUSD has made a strong comeback on the hourly timeframe, leading to increased volatility and uncertainty. This heightened risk means that traders should exercise caution, as the likelihood of hitting stop losses is significantly higher. The current market price action is consolidating, which can be unfavorable for trading.
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.