XAUUSD (Gold) - Momentum Halts?
Hi Traders. Yesterday was quite a slow & choppy day, in fact, during the early Asian session just now, tested 1766 area (previous minor resistance now turned support), then price pushed all the way towards 1780.
The short-term direction is clear, price forming higher highs & lows sequence, but the volatility is definitely slowing down.
If you're looking to for intraday setups, the best way is probably still following the buys rather than countertrend setups.
Be aware of 1790 area if you're holding longs.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
The short-term direction is clear, price forming higher highs & lows sequence, but the volatility is definitely slowing down.
If you're looking to for intraday setups, the best way is probably still following the buys rather than countertrend setups.
Be aware of 1790 area if you're holding longs.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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