So yeah. The big yellow bear flag. 👀
The confluence of indicators:-
PA Range: Maintains a consistant range of 25% since JAN 22
Fibonanci: 0.382 confluence with top of PA Range Level
Red Box: Major resistance level developed since JAN 21
Green Box: This is major support zone. The short play would be filled here.
OBV: resitance zone could make for a nice...
The Monday open squeezed out the bull run along the continuing trend line.
Action from the close pre-Sunday was volatile on the hourly. a lot of volume.
Standard volume action but the volatility has given $XAU a strong bed of resistance.
Meh.
gg
