More Resolution, More details! and also MORE of XAUUSD!
It may be too early to predict the 1300-1400$ area, and I agree with those who may disagree with the idea.
There are two strong barriers in the way. 1780$ and 1730$ are daily strongholds of the old gold according to volume profile. But a clear pullback can be seen at the last 1870$ attempt which looks like a premature ejaculation of the bulls playing around.
every time it happens, I see them losing power and also confident of the growth.
The thing is that bears are lazy and conservative animals in this the market, but they are also strong and heavy. They are not sure enough to take action. Global inflation is their biggest concern, and they are right about being worry about it.
We have to check the data to find proof on the short scenario.
Take care, the next 81 daily candles are important for the market. I can see doubtful players hover around the 1730-1850$ area for the period before any big move would start.
More details are on the way, so stay updated with my profile.
Please FOLLOW and leave comments.
I would be happy to have conversations with you fellow traders.
There are two strong barriers in the way. 1780$ and 1730$ are daily strongholds of the old gold according to volume profile. But a clear pullback can be seen at the last 1870$ attempt which looks like a premature ejaculation of the bulls playing around.
every time it happens, I see them losing power and also confident of the growth.
The thing is that bears are lazy and conservative animals in this the market, but they are also strong and heavy. They are not sure enough to take action. Global inflation is their biggest concern, and they are right about being worry about it.
We have to check the data to find proof on the short scenario.
Take care, the next 81 daily candles are important for the market. I can see doubtful players hover around the 1730-1850$ area for the period before any big move would start.
More details are on the way, so stay updated with my profile.
Please FOLLOW and leave comments.
I would be happy to have conversations with you fellow traders.
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