GU Looks likely to return in the Fair value range. Long set ups with targets of dashed horizontals.
XAU breaks the Value area high and pulls back on a retest, we had this accumulation stage where XAU was very balanced as you can see on the VRVP we have this nice distribution curve. We can look for a little pullback and try to buy the market if we see price start transacting above this ranging market.
Tilray is a Cannabis stock, but the importance of this post is the art of fading. I have numerous posts on Volume profiles and how and why they are very effective, and have kinda made it a mission to show you how great they are! Here I am showing you how to fade around value, notice the profile, notice how price is trading sideways in this range and building mass...
EU appears to have balanced after that massive fall to parity we have been trading sideways and building up the VP, I think the 1.00 level will likely be held short term, we can aim for an aggressive imbalanced move to the upside, we have an inside bar as price action which typically appears in imbalanced moves.
XAU could see some relief if we see DXY fall as attached below, I personally dont believe XAU is off the hook with the hikes likely to continue for some time, but we may look to catch some pips on the recovery here which should produce some even better sells later down the line. We also have RVI Divergence signalling a potential trend change to back up the trade.
DXY Looks to be ready to sell off on the 4H chart with a bearish hammer pointing down here, we could look for price to return and kiss the MA200 before further rises can be expected, the overall trend is up still but we could be due a larger retracement here to recover ready for a stronger rally.
Bitcoin is in a very balanced trading range, happily building the profile we see to the right, we can see the areas of previous balance which has led to the market becoming imbalanced and seeking out fairer prices, we are currently in a balanced state, which is why it is surprising to see so many people trying to pre guess the market by becoming long or short...