XAUUSD - Understanding How And Why Markets Form Like This..

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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.

١١ أغسطس ٢٠٢٤

ملاحظة

No news tomorrow, looking for any speakers/rhetoric. Expect a mellow session before climbing/falling into the next week.

١٢ أغسطس ٢٠٢٤

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Movement somewhat slowed as no real impetus (news events).

Awaiting key data. Do not gamble, just trade the current and consistent trajectory.

١٣ أغسطس ٢٠٢٤

ملاحظة

Gold trajectory as shown.

١٤ أغسطس ٢٠٢٤

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No news shock, still short biased.

١٤ أغسطس ٢٠٢٤

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Strong rejection, worth noting. Do not take impetus from news as gold goes where it wants.

١٦ أغسطس ٢٠٢٤

ملاحظة

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