XAUUSD - Understanding How And Why Markets Form Like This..
Every now and then, you will see consecutive lower highs and higher lows.
What does this demonstrate?
It shows that the prices trades are willing to buy and sell at are closing in. Orders are getting tighter, as are exits.
This is often reflective of a lack of sentiment. Gold, particularly, has abandoned its traditional risk driver. Even in times of turmoil, it falls.
Ranging Markets are therefore easier to understand. Trajectories become predictable, and unless sentiment drastically changes, It would not be surprising if this continues.
Although, to make money, we do not need it to.
What does this demonstrate?
It shows that the prices trades are willing to buy and sell at are closing in. Orders are getting tighter, as are exits.
This is often reflective of a lack of sentiment. Gold, particularly, has abandoned its traditional risk driver. Even in times of turmoil, it falls.
Ranging Markets are therefore easier to understand. Trajectories become predictable, and unless sentiment drastically changes, It would not be surprising if this continues.
Although, to make money, we do not need it to.
Nota
No news tomorrow, looking for any speakers/rhetoric. Expect a mellow session before climbing/falling into the next week.Nota
Movement somewhat slowed as no real impetus (news events).
Awaiting key data. Do not gamble, just trade the current and consistent trajectory.
Nota
Gold trajectory as shown.
Nota
No news shock, still short biased.
Nota
Strong rejection, worth noting. Do not take impetus from news as gold goes where it wants.
Nota
Update:
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Free Discord Secret Server:
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Posts Not financial advice.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.